S&P Global's France services PMI rose to 46.8 in June from 44.3 in May but missed the preliminary 47.4, indicating a larger-than-expected contraction amid weak demand and inf pressure. The June composite PMI final rose to 47.2 from 44.9 in May, also below the 47.6 preliminary reading. S&P Global Markets Intelligence senior economist Joe Hayes said the June PMIs could have been worse given May's recession warning and a downward revision to Q1 GDP, and that the French economy remains mired in weak

S&P Global's France services PMI rose to 46.8 in June from 44.3 in May but missed the preliminary 47.4, indicating a larger-than-expected contraction amid weak demand and inf pressure. The June composite PMI final rose to 47.2 from 44.9 in May, also below the 47.6 preliminary reading. S&P Global Markets Intelligence senior economist Joe Hayes said the June PMIs could have been worse given May's recession warning and a downward revision to Q1 GDP, and that the French economy remains mired in weak demand, low business confidence and strong inf pressure.