French preliminary inflation at 0.6% in May, below forecasts
May 27 (Reuters) - French consumer prices rose less than anticipated in May, preliminary data from statistics agency INSEE showed on Tuesday.
France's harmonized inflation rate, adjusted for comparison with other euro zone countries, was 0.6% year-on-year in May.
A Reuters poll of 21 analysts had on average expected a rate of 0.9%, with estimates ranging from 0.7% to 0.9%.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
6 minutes ago
- Reuters
M&S CEO total pay package rises 39% to $9.6 million in 2024/25
June 2 (Reuters) - British retailer Marks & Spencer's (MKS.L), opens new tab CEO Stuart Machin saw his total pay package rise by 39% to 7.1 million pounds ($9.6 million) for the year ended March 2025, a filing showed on Monday. The increase in pay mainly stems from performance-linked awards, which increased 74% to 4.6 million pounds. For salaries effective July 2025, the company's remuneration committee has awarded an increase of 2% to Machin and his new salary will be 865,694 pounds, according to the annual report. ($1 = 0.7379 pounds)
Reuters
16 minutes ago
- Reuters
Euro zone factory downturn eased in May, PMI shows
LONDON, June 2 (Reuters) - The downturn in euro zone manufacturing eased further in May, coming close to stabilisation as production increased for the third consecutive month and supported by a near-stabilisation in demand, a survey showed on Monday. The HCOB Eurozone Manufacturing Purchasing Managers' Index rose to 49.4 in May from 49.0 in April, marking a 33-month high and in line with a preliminary estimate but remaining below the 50.0 threshold separating growth from contraction. "The upward trend in the headline PMI is still continuing, pointing towards a recovery that is progressing," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. Manufacturing output increased for the third straight month, with the output index holding steady at 51.5, its joint-highest level since March 2022. New orders approached stabilisation after nearly two years of contraction, while export orders reached a 38-month high. Companies scaled back job cuts with employment declining at the shallowest rate since September 2023 while purchasing activity shrank at its slowest pace in almost three years. Among the region's economies, Greece topped the rankings with its PMI at 53.2, unchanged from April, while Spain returned to expansion with a reading of 50.5. France approached stabilisation at 49.8, a 28-month high. "Production has picked up across all four major euro zone economies which really highlights how broad-based this recovery is," de la Rubia added. Germany remained the weakest performer among the major economies with a PMI of 48.3, though its manufacturing sector recorded one of the softest deteriorations in three years. Manufacturers' confidence about the year ahead rebounded to its highest level since February 2022 despite concerns about potential U.S. tariff increases on European imports. The future output index bounced to 61.6 from 58.0. Input costs declined for the second consecutive month with the reduction accelerating to the fastest pace in 14 months. In response, factories cut their selling prices for the first time since February. "The ECB is getting some tailwinds for its expected interest rate cuts. The industrial sector has started cutting its sales prices again after two months of increases, giving the central bank some extra room to move forward with its interest rate cuts," de la Rubia said. All 81 economists polled by Reuters expected the ECB to cut its deposit rate again on Thursday with a majority predicting at least one more cut after June.
The Guardian
an hour ago
- The Guardian
Our Champions League team of the season: A teen sensation to a marauding Gunner
Gianluigi Donnarumma (Paris Saint-Germain) He does have his weaknesses, such as the occasional panic under the crossed ball, but this was the season the Italian reclaimed his title as the world's best goalkeeper. PSG's path to glory saw him outshine Ederson, Alisson, and Emi Martínez before besting Yann Sommer in the final. Donnarumma made a series of saves only he can make, throwing that huge, rangy frame to its full expanse while playing behind a backline built to attack rather than concentrate on defence. Achraf Hakimi (PSG) If this is the age of full-back being the most multipurpose player in football, then Hakimi is best in class. The Moroccan matched defensive rigour with attacking instincts that saw him score four goals and supply five assists in PSG's run, including the opening strike of the final. His signing in 2021 was probably the first building block of the team that reigned supreme in 2025. Willian Pacho (PSG) Marquinhos is the long-serving veteran of the champions, but his partner, Pacho, signed from Eintracht Frankfurt last year for €45m, has completed the Parisians' backline. He became the first Ecuadorian to lift the trophy after his dominant display in Munich blunted Inter's Lautaro Martínez and Marcus Thuram. Playing all 17 matches and logging more minutes than any other player with 1,542, Pacho also won the ball back far more than any player: 124 times. Alessandro Bastoni (Inter) Munich was a living nightmare for Inter defenders. They also conceded six across the two legs in their semi-final classic with Barcelona. But to focus on those matches is to forget the supremacy the Inter defence enjoyed in the extended group stage, where they conceded just a single goal in eight matches. Until the semis and final, Bastoni, an Italian defender of the classic style, had marshalled a three-man defence performing far better in Europe than in Serie A, but still ended a campaign of which he can be proud in tears. Nuno Mendes (PSG) Mirroring Hakimi's command of his flank in attack and defense, Mendes was tasked in the final with stopping the runs of Inter's Denzel Dumfries, one of the competition's most effective players this season. The Dutchman ended up chasing Mendes's shadow. That followed a season where the Portuguese player, just 22 years old, scored four Champions League goals and ravaged opponents, both attackers and defenders, with his athleticism. Mohamed Salah has rarely been kept so quiet. João Neves (PSG) PSG's title-winning team did not come cheap but they have invested well, with a summer deal worth €70m landing Neves, one of the most wanted young midfielders in Europe. Small but combative, Neves now stars in the best midfield in Europe in combination with Vitinha and Fabián Ruiz. He had been a slow burn through his first season. When PSG were playing to stay alive in the group stage, Neves was the match-winner against Manchester City, Seven tackles, all successful, seven shots, including a goal, he began to embody a team fighting like wild dogs to win the ball back. Declan Rice (Arsenal) English clubs had a chastening Champions League season, mostly because of PSG, and Arsenal were the semi-final victims. Despite Mikel Arteta's protestations, the Gunners were well beaten but this was the club's best run in the competition in more than a decade. At the fulcrum was Rice, who is maturing into a midfielder who can run a game, as he did most obviously against Real Madrid – a two-legged performance Gunners fans will happily fall back on as something to cherish after their team's exit. Rice usually saved his marauding best for Europe. Pedri (Barcelona) If the modern PSG are a hyper-realised, updated version of Pep Guardiola's Barcelona team, the club he long left behind proved to be this season's entertainers. Hansi Flick is football's great gambler, his team a high-line, high wire act. In the middle of the morass is Pedri, a midfielder of balance, creativity and now experience. Thankfully, he is recovered from the injury problems that his 75-game 2020 caused and fills the mould Andrés Iniesta once did, never looking like losing the ball, forever dangerous to the opposition. Ousmane Dembélé (PSG) A mark of Luis Enrique's quality as a coach is that he made a productive, consistent player out of one of the game's great enigmas. PSG played mostly without a centre-forward but it was Dembélé who led the line, cutting in from flanks, operating as a false No 9, interchanging with his fellow wingers, his movement creating space and angles to work with. Khvicha Kvaratskhelia (PSG) There may be little coincidence that once the Georgian was bought from Naples in January, PSG's status as a giant struggling to make the knockout stages was shedded as they instead became the most decisive champions in European Cup history. The best attacking player in Serie A, a maverick talent that resembles both a throwback and the future proved a revelation in destroying defences. The English teams in particular struggled with him, and when he was going though on goal in Munich, he was able to show off his party-trick finish, at the near post. Lamine Yamal (Barcelona) The best team did not have the best player, and that's how it's supposed to work. When Barcelona were torching opposition defences, winning games from impossible positions, it seemed as if Lamine Yamal would win the Champions League at 17. He will just have to do it at 18. European defences had no answer to his speed and quality of finishing. Those slaloming runs and thunderbolt finishes against Benfica and Barcelona could be seen as preludes to greatness if he were not already great. Emi Martínez came up big in Aston Villa's hugely enjoyable run to the last eight. Denzel Dumfries had five goal involvements in the Inter v Barcelona semi-final. Raphinha and Serhou Guirassy were joint-top for goals, with the Brazilian outstanding for Barcelona, the Guinean a ray of light for a faded Dortmund team. Désiré Doué, scoring two goals in the final, completed PSG's thrilling attacking trio.
