Free Trial

Service Price Inflation Ticks Up in France Flash PMI

FRANCE DATA
MNI (London)

The French May manufacturing PMI edged up by 0.5-points to 46.1, in line with expectations and implying 12 months of contraction. Services lost some growth momentum in May, easing by 1.8 points to 52.8, softer than consensus expectations.

Highlights from the press release:

  • In aggregate total intakes of new work fell for the first time since February, as demand conditions weakened.
  • As a result, business confidence cooled to a five-month low.
  • Employment rose at the strongest rate in almost one year.
  • Output charges ticked up in May for the first time since January, despite input inflation at a 23-month low. This was largely due to higher service selling prices.

To read the full story

Close

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.