FX.co ★ France Manufacturing Sector Returns to Growth

France’s S&P Global Manufacturing PMI rose to 50.7 in June 2026, signaling a return to growth after a brief contraction at 49.7 in May and surpassing market expectations for a steady reading of 50, according to flash estimates. The improvement was driven by a slower decline in output and a smaller drop in new orders. At the same time, backlogs of work saw a marginal uptick, with manufacturers reporting a slight increase in work-in-hand despite overall demand conditions remaining weak. Input cost pressures eased but stayed elevated, while output price inflation continued to moderate compared with May.