PMI: France's services sector contracted more than expected in June

金十2026/07/03 07:56

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```htmlGolden Ten Data reported on July 3 that S&P Global France Services PMI rose from 44.3 in May to 46.8 in June, but remained below the initial value of 47.4, showing that France’s service sector contracted more than expected in June due to weak demand and inflationary pressures. France’s Composite PMI final value increased from 44.9 in May to 47.2 in June, also below the initial value of 47.6. S&P Global Market Intelligence Senior Economist Joe Hayes stated: “Overall, the June France PMI survey could have been much worse, especially after the May data warned of a recession and Q1 GDP was revised down.” He added: “However, what remains unchanged is that the French economy is still deeply mired in weak demand, low business confidence, and strong inflationary pressures.”```

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