Service Sector: Markit

Markit: Data compiler Markit's composite PMI index of manufacturing and services came in at 50.5, the same as September's final reading but higher than a "flash" estimate of 50.1 and holding above the 50 point line denoting expansion. , according to Reuters. "The latest data provide some moderately encouraging signs for France's dominant service sector at the start of Q4," said Markit economist Jack Kennedy. PARIS - French private sector activity grew for a second straight month in October, and at a brisker pace than initially reported, as employment rose for the first time in more than 1-1/2 years, a poll showed on Wednesday. A report earlier this week showed activity was still shrinking among manufacturers, but the latest data showed French services sector activity grew, with a PMI reading of 50.9, just below September's 51.0 but comfortably above a flash reading of 50.2. (www.immigrantscanada.com). As reported in the news.