European Service Industries Expanded Most in Six Years in June

July 5 (Bloomberg) -- European service industries expanded the most in six years in June, adding to evidence that the region's economy would be able to withstand higher interest rates.

An index based on a survey of 2,000 purchasing managers at service companies such as banks and airlines in the 12 nations sharing the euro jumped to 60.7 from 58.7 in May, Reuters reported, citing a report by NTC Economics Ltd. for Royal Bank of Scotland Plc. A reading above 50 indicates expansion.