- Prior 47.9
- Manufacturing PMI 48.2 vs 48.0 expected
- Prior 48.5
- Composite PMI 47.3 vs 47.8 expected
- Prior 48.0
French business activity is seen contracting at a slightly faster pace in April, with the services and composite readings missing on estimates. The impact of tariffs and trade uncertainty is yet to be felt and will likely only be more evident in the months ahead, particularly in 2H 2025. That doesn’t bode well for the outlook when demand conditions are already as weak as they are now. HCOB anticipates the ECB will cut rates again by three more times during the course of the year.
This article was written by Justin Low at www.forexlive.com.
