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July 24, 2023
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France PMI manufacturing 44.5 (consensus 46.0) in Jul-23

- France's PMI for manufacturing recorded a decline in July 2023, standing at 44.5 compared to the previous month's 46.0, indicating a deeper contraction in the sector, contrary to expectations.
- The manufacturing PMI was 3.00 points lower than the one-year average, signaling a significant deviation from the historical trend and raising concerns about the overall health of the industry.

July 24, 2023
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France PMI services 47.4 (consensus 48.4) in Jul-23

- France's PMI services index for July 2023 contracted to 47.4, the lowest level since February 2021 and below the previous month's reading of 48.0.
- The decline in the services sector performance indicates challenges that are worse than expected, posing concerns for employment, investment, and overall economic growth.

June 30, 2023
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France HICP inflation 5.31% y-o-y in Jun-23

- The June 2023 HICP inflation rate in France stood at 5.31% year-on-year, representing a slowdown compared to the previous month's rate of 6.01%.
- Despite this moderation, the current inflation rate remains 3.48 percentage points above the long-run average, indicating a higher level of price growth over a broader time span.

June 23, 2023
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France PMI manufacturing 46.0 in Jun-23

- France's PMI manufacturing for June 2023 stood at 46.0, signifying another contraction in the sector after the previous month's reading of 45.7.
- The current PMI reading of 46.0 is 1.92 points lower than the one-year average, highlighting an ongoing underperformance of the manufacturing sector.

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