S&P Global's France manufacturing PMI rose to 51.2 in June from 49.7 in May and
above the preliminary 50.7, returning the sector to expansion after a dip below
50 in April–May. S&P Global reported higher unfinished orders and increased work
backlogs in June. The PMI prices index fell from May, which could signal easing
inflationary pressure in manufacturing and the wider economy. S&P Global Market
Intelligence economist Joe Hayes said transport disruptions linked to the Iran
war continue to weigh on supply chains, prompting firms to cut purchases and run
down inventories; the length of those disruptions could determine the pace of
the manufacturing recovery.