The French manufacturing sector contracted less than initially estimated in May, final data from Markit Economics showed Friday.
The headline Purchasing Managers' Index fell to 44.7 in May, the lowest reading in three years but above the flash estimate of 44.4. The April reading was 46.9.
The overall drop in May reflected weaker contributions from all five of its components, namely output, new orders, employment, stocks of purchases and suppliers' delivery times.
Jack Kennedy, Senior Economist at Markit said, "Latest PMI data showed the French manufacturing sector in the grip of a deepening downturn in May."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.