France Private Sector Downturn Softens

2026-07-03 07:56 By Mariene Camarillo 1 min. read

The S&P Global France Composite PMI rose to 47.2 in June 2026 from 44.9 in May, signaling the weakest contraction in private sector activity in three months, although it remained below the 50.0 threshold for a sixth consecutive month.

Business activity continued to decline across both the manufacturing and services sectors, but the pace of contraction eased from May's 28-month low.

New orders also fell for a sixth straight month, though the decline softened to its slowest rate in three months.

Meanwhile, employment edged lower only slightly as manufacturing firms resumed hiring, helping to offset continued job cuts elsewhere.

On the price front, cost pressures eased further but remained historically elevated, suggesting that inflationary pressures continued to weigh on businesses even as they moderated from recent peaks.

Looking ahead, business confidence rebounded from a one-and-a-half-year low, reflecting improved expectations for future activity despite the ongoing downturn.



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France Private Sector Downturn Softens
The S&P Global France Composite PMI rose to 47.2 in June 2026 from 44.9 in May, signaling the weakest contraction in private sector activity in three months, although it remained below the 50.0 threshold for a sixth consecutive month. Business activity continued to decline across both the manufacturing and services sectors, but the pace of contraction eased from May's 28-month low. New orders also fell for a sixth straight month, though the decline softened to its slowest rate in three months. Meanwhile, employment edged lower only slightly as manufacturing firms resumed hiring, helping to offset continued job cuts elsewhere. On the price front, cost pressures eased further but remained historically elevated, suggesting that inflationary pressures continued to weigh on businesses even as they moderated from recent peaks. Looking ahead, business confidence rebounded from a one-and-a-half-year low, reflecting improved expectations for future activity despite the ongoing downturn.
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