Provisional French PMI data now out 23 May 2016
- 48.0 prev
- services PMI 51.8 vs 50.6 exp/prev
- composite 51.1 vs 50.4 exp vs 50.2 prev
A mixed bag leaves EURUSD underpinned at 1.1237 on general USD supply
Says Markit:
- The latest flash France PMI® data signalled that private sector output growth accelerated to a sevenmonth high in May. That said, the rate of expansion was modest overall.
- The Markit Flash France Composite Output Index, based on around 85% of normal monthly survey replies, posted 51.1, up from 50.2 in April. Contrasting trends were again seen in the services and manufacturing sectors.
- Activity growth in the former quickened to the strongest in seven months, whereas output in the latter declined for the second month running and at the sharpest pace in just over a year
Full report here
