French S&P Global Composite Flash PMI (May) 57.1 vs. Exp. 57.0 (Prev. 57.6)

Overall business activity rose sharply in May and at a rate that was only slightly weaker than April’s multi-year high. According to our panel members, businesses, particularly in the service sector, enjoyed another boost to their order books as a result of the removal of pandemic restrictions in recent months.
There were mentions of clients being dissuaded from placing orders due to higher prices charged, while other customers chose to adopt a wait-and-see approach amid geopolitical uncertainty and supply-chain issues. However, this was offset by stronger demand within the service sector, with firms often mentioning recovery efforts from the pandemic.
Manufacturing demand was more-or-less stagnant in May, while exports declined.
The only real positive was seen in employment data as jobs growth was at its strongest in over two decades.
Both input costs and output prices rose at new record rates in May.