France’s manufacturing business climate index slipped to 100 in June 2026 from 102 in May, coming in below market expectations of 101. The weakening was driven mainly by a sharp fall in past production, which dropped to 3 from 14 in May.
Order conditions were broadly stable. Global order books held steady at -14, while foreign order books eased slightly to -11 from -10. Both indicators, however, remained above their long-term averages. Finished-goods inventories ticked up to 14 from 13, pointing to modest restocking.
Labour market signals were little changed. Past staffing levels remained at -2, and expected staffing stayed at 0, indicating subdued hiring intentions.
Forward-looking sentiment was weak but mixed. The general production outlook improved somewhat, to -15 from -17, whereas firms’ own production expectations softened to 2 from 4.
Price pressures showed signs of easing: expected selling prices fell to 19 from 22, although they stayed at a relatively high level. Economic uncertainty also edged lower, with the corresponding index declining to 32 from 37.
