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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FRANCE MAY IP 0.0% M/M, -0.4% Y/Y; APR -0.6% Y/Y
FRANCE MAY MANUF. +0.8% M/M, +2.2% Y/Y; APR +0.5% Y/Y
- French IP saw a modest improvement in May, stabilising at 0.0% m/m growth following the downward revised -0.3% m/m contraction in April. The annualized reading saw a further contraction of -0.4% y/y, which is 0.7pp lower than anticipated as the industry continues to be hampered by global supply bottlenecks and shortages.
- The manufacturing print, on the other hand, saw a substantial upside surprise of 0.5pp at +2.2% y/y in May. The automotive industry accounted for the bulk of the uptick, rebounding with solid 15.3% m/m growth versus a softer +3.8% m/m in the month prior. Semi-conductior shortages were once again highlighted as continuing to add pressure to production capacities.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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