French manufacturing sector may recover soon - economist (Il Sole 24 Ore Radiocor) - Paris, 03 Jun - In May, France's purchasing managers' index for the manufacturing sector rose to 46.4 from 45.3 in April, according to data released by S&P Global and Hamburg Commercial Bank.

A reading above 50 signals expanding sector activity and a reading below 50 a contraction.

Norman Liebke, economist at Hamburg Commercial Bank, said that "the French manufacturing sector might see a recovery soon. The HCOB Manufacturing France PMI for May improved by more than one index point to 46.4, but still remained deep in the contraction zone. However, this might change soon for the reason of recovering overall demand. Global manufacturing is recovering, from which French manufacturers will profit.

Also, the manufacturers surveyed anecdotally noted expectations of stronger foreign demand, too.".

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(RADIOCOR) 03-06-24 09:59:43 (0184) 5 NNNN