French S&P Global Composite PMI Flash (Apr) 47.6 (Prev. 48.8, Low. 48, High. 49.5); "What's most notable is that the passthrough to prices charged for goods and services remains contained"
Importance
Level 1
- "The service economy has deteriorated due to a diminishing willingness to spend – a typical consequence of uncertainty – pulling overall business activity levels lower"
- "Preventing the headline 'flash' index from falling even further below 50.0 was the manufacturing sector, which saw a production rebound in April. However, this does not look like a turning point and will likely be temporary, as our survey respondents reported advance purchasing from customers in anticipation of price increases, shortages and logistics issues."
- "...manufacturing inflation moved even higher in April as a range of raw material costs rose, transportation became more expensive and supply bottlenecks pushed up prices. Services companies are also feeling the pressure from higher transportation costs."
- "What's most notable is that the passthrough to prices charged for goods and services remains contained"
- "Services charges have barely moved since the outbreak of the war..."