France manufacturing PMI fell to 49.8 in July from 51.2 in June, slipping back into contraction as output and new orders declined at faster rates. S&P GLOBAL MARKET INTELLIGENCE said inflationary pressures and weak business confidence are weighing on orders, and that recent oil and gas price rises signal broader macro and geopolitical volatility which could further erode confidence and risk additional demand weakness, particularly if inflation re-accelerates.

2026-08-03

France manufacturing PMI fell to 49.8 in July from 51.2 in June, slipping back into contraction as output and new orders declined at faster rates. S&P GLOBAL MARKET INTELLIGENCE said inflationary pressures and weak business confidence are weighing on orders, and that recent oil and gas price rises signal broader macro and geopolitical volatility which could further erode confidence and risk additional demand weakness, particularly if inflation re-accelerates.