• 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:

FR PMI