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.

via S&P Global

24 May 2022 - 08:15- Data- Source: S&P Global