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French manufacturing slips into contraction in May
The solid growth of France's manufacturing sector seen during April proved to be short-lived, according to the May S&P Global PMI® survey, which showed fresh declines in production, new orders, purchasing volumes and stocks as the tailwinds from client stockpiling dissipated. Meanwhile, accelerated increases in both input costs and output charges pointed to intensifying inflationary pressures across France's goods-producing economy. The seasonally adjusted S&P Global France Manufacturing Purchasing Managers’ Index™ (PMI) – a gauge of overall business conditions derived from measures of new orders, output, ... (full story)
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