A measure of manufacturing output up most since before Covid
Spain shows slight production rise, German data due on Friday
French manufacturing output rebounded unexpectedly in May to reach the highest level since before the Covid pandemic, easing concerns of a short-term slump in the euro area’s second-largest economy.
Production in manufacturing jumped 1.4% from April as growth continued in most sub-sectors, with a particularly sharp acceleration in automobile production, data from Insee showed. Economists surveyed by Bloomberg had expected a 0.3% decline.