French S&P Global Composite PMI Flash (Jun) 47.6 vs exp. 46.0 (prev. 44.9)
- That said, softer readings in the PMI survey's pricing measures, which follow on from the fall in global oil prices over this past month, could signal that peak inflation is behind us and the disinflationary process is underway.
- Turning to prices, the latest survey figures indicated a cooling of cost pressures – the first such occurrence since February.
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