Manufacturing SME: declining in France, flies to Germany

Conflicting signs manufacturing SME index in France and Germany. In the first case, in fact, manufacturing activity for the month of June, recorded a drop in share 47.9 points from 48.4 the previous month and against the expected 48.8 and, with regard to Germany, index chalked up a rise to 54.4 points from 52.1 the previous month and against the 52 points expected by analysts.

Again in terms of macro data, but relatively to the services sector, the SME in France dropped to 49.9 points from 51.6 the previous month and against a consensus set at 51 points while the index in Germany was 53.2 points from 55.2 the previous month and against the expected 55 points.