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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 JUN MANUF CONFIDENCE 101 (FCST 98); MAY 99
- French manufacturing sentiment rebounded by two points to 101 in June, against expectations of a further one-point decline and breaking a streak of three months of deterioration.
- At 101, the indicator stands one point above the long-run average. Stronger production expectations and order books attributed to the boost in June sentiment. Firms are looking for a moderate uptick in demand, albeit largely limited to domestic orders.
- Sentiment in the automotive sector improved, whilst worsening in agriculture/food sector.
- Yet a small uptick in the expected selling prices and perceived economic uncertainty underlines that the French economy remains wary.
- The French manufacturing PMI was little-changed at 45.7 in May, close to the over three-year low recorded in April. The June improvement in sentiment hints that conditions may be stabilising ahead of the June flash manufacturing PMI. Consensus is currently looking for the PMI to weaken further to 45.3 tomorrow (due 0815 BST).
Source: MNI / Insee
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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