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May Flash PMI: Little Pass-on Of Input Cost Increases

FRANCE DATA

The French March flash PMI saw services drop back into contractionary territory at 49.4 (vs 51.7 cons, 51.3 prior), while manufacturing was above consensus at 46.7 (vs 45.9 cons, 45.3 prior). The composite reading was thus below consensus at 49.1 (vs 51.0 cons, 50.5 prior). Bund futures jumped around 25 ticks on release.


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The French March flash PMI saw services drop back into contractionary territory at 49.4 (vs 51.7 cons, 51.3 prior), while manufacturing was above consensus at 46.7 (vs 45.9 cons, 45.3 prior). The composite reading was thus below consensus at 49.1 (vs 51.0 cons, 50.5 prior). Bund futures jumped around 25 ticks on release.


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