French manufacturing contracts for first time in months
The S&P Global France Manufacturing PMI fell to 49.7 in May from 52.8 in April, signaling the first contraction in activity since November. Businesses faced significant pressure from rising energy prices and transport disruptions linked to ongoing Middle East conflicts.
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France manufacturing activity contracted in May for the first time since November as energy costs and supply chain disruptions weighed on output. The manufacturing PMI fell to 49.7 from 52.8 in April, according to data released in the morning. The dip below the 50.0 expansion threshold signals a cooling industrial sector.
