France PMI Manufacturing dropped from 55.7 to 54.5 in May. PMI Services dropped from 58.9 to 58.4. PMI Composite dropped from 57.6 to 57.1.
Joe Hayes, Senior Economist at S&P Global Market Intelligence said:
“The French economy is showcasing a remarkable degree of resilience amid mounting economic headwinds. Overall business activity rose sharply in May and at a rate that was only slightly weaker than April’s multi-year high…. we saw further evidence of a two-speed economy emerging within France as a resilient service sector continues to mask sluggishness across the manufacturing industry.
