- Prior 54.6
- Manufacturing PMI 46.1 vs 46.0 expected
- Prior 45.6
- Composite PMI 51.4 vs 52.0 expected
- Prior 52.4
The readings are slightly softer than estimated but still points to growth in the French economy in May, albeit at a slower pace. The headline reading is a four-month low as demand conditions take a bit of a hit and a further softening of business confidence. HCOB notes that:
