Flash Manufacturing PMI readings from Germany and the U.K. missed expectations, pointing to a deepening contraction in activity while France’s reading was ahead of estimates, but it also reflected contraction.
Germany’s flash May Manufacturing PMI 42.9 (expected 45.0; last 44.5) and flash Services PMI 57.8 (expected 55.5; last 56.0)
U.K.’s flash May Manufacturing PMI 46.9 (expected 48.0; last 47.8) and flash Services PMI 55.1 (expected 55.5; last 55.9).
France’s flash May Manufacturing PMI 46.1 (expected 46.0; last 45.6) and flash Services PMI 52.8 (expected 54.2; last 54.6)