France's manufacturing sector activity slipped into contraction territory in May, amid renewed downturns in output and new business as the temporary boost from client restocking faded, S&P Global data showed Monday.
The final S&P Global France Manufacturing PMI fell to 49.7 from 52.8 a month ago, against the flash estimate of 48.9, and reversing the start of the quarter's four-year high. The index fell below 50 for the first time since November 2025.
Operating conditions in Italy's manufacturing sector improved the most in May in just over four years as demand recovery due to safety stockpiling led to a pickup in new orders and faster output expansion, S&P Global said Monday.The S&P Global Italy manufacturing PMI rose to 52.9, the highest since April 2022, from 52.1 in April 2026. The consensus estimate for the month was 52.
Switzerland's manufacturing PMI increased to 57.3 in May from 54.5 in April, according to procure.ch and UBS data published Monday.The consensus estimate for the month stood at 54.
The improvement in Spain's manufacturing sector conditions eased in May as new orders and employment fell, while production expanded only slightly amid the ongoing war in the Middle East, S&P Global said Monday.The seasonally adjusted S&P Spain manufacturing PMI fell to 51.2 from 51.7 a month earlier, missing the consensus estimate of 52. The "modest" growth in sector performance was marginally above the historical trend.