France’s S&P Global Manufacturing PMI rose to 50.7 in June 2026, returning to growth after a brief contraction of 49.7 in May and coming in above market expectations of stabilisation at 50, flash estimates showed. This came as output declined at a softer pace, with the index coming in at 48.9 and reaching a two-month high, up from 47.8 in June. At the same time, there was also a smaller decline in new orders, suggesting a moderation in the pace of weakness across demand conditions. Backlogs of work showed a fractional improvement, with manufacturers reporting a slight rise in work-in-hand even as overall demand remained subdued. Cost pressures also eased but remained elevated, while output price inflation softened further compared with May.