The HCOB Flash Composite PMI for France fell to 48.5 in June 2025, down from 49.3 in May and below market expectations of 49.3, flash estimates showed. The data signaled a tenth consecutive month of contraction in the country’s private sector, with the downturn deepening slightly due to continued weak demand. The decline was broad-based across sectors, led by manufacturing, where the PMI dropped to a four-month low of 47.8 from 49.8 in May.
The services sector also underperformed, though its activity remained broadly unchanged from the previous month (PMI at 48.7 vs 48.9). Overall sales continued to fall for the 13th consecutive month, with the pace of decline accelerating slightly, including for export orders. Falling volumes of outstanding business led to further job reductions. On the price front, input cost inflation remained stable, while selling prices rose only modestly due to subdued demand. Lastly, business confidence improved, reaching an eight-month high after May’s low.
