French Business Index at Highest Since 2011 as Economy Picks Up

“The French economy gained further growth momentum in June, driven by a stronger service-sector performance and a stabilization in manufacturing,” said Jack Kennedy, an economist at Markit. “With service-sector business expectations standing at the highest level for over three years, it seems firms are becoming increasingly optimistic of a convincing upturn in activity.”

The data “bode well” for second-quarter gross domestic product, following the 0.6 percent expansion in the first quarter, he said.

Markit will publish its measures for the 19-nation euro-area at 9 am London time. The region’s composite index is forecast to have slipped to 53.5 from 53.6 in May, according to a survey of economists.

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