The Investor
23 Jun 2026, 09:36
France's June PMI data painted a mixed picture for the economy, with manufacturing returning to expansion territory while services activity remained in contraction.
The HCOB France Manufacturing PMI rose to 50.7 from 49.7 in May, beating expectations of 50.2 and moving above the key 50 level that separates expansion from contraction. The reading suggests industrial activity is stabilizing after a prolonged period of weakness, supported by improving demand and a more resilient European economic backdrop.
However, the services sector remained under pressure. The HCOB France Services PMI increased to 47.4 from 44.3 in May, exceeding forecasts of 45.9 but remaining below 50. While the data indicate the pace of contraction slowed significantly, activity in the country's largest economic sector continues to decline.
The HCOB France Manufacturing PMI rose to 50.7 from 49.7 in May, beating expectations of 50.2 and moving above the key 50 level that separates expansion from contraction. The reading suggests industrial activity is stabilizing after a prolonged period of weakness, supported by improving demand and a more resilient European economic backdrop.
However, the services sector remained under pressure. The HCOB France Services PMI increased to 47.4 from 44.3 in May, exceeding forecasts of 45.9 but remaining below 50. While the data indicate the pace of contraction slowed significantly, activity in the country's largest economic sector continues to decline.