France’s manufacturing business climate index edged up to 101 in July 2026 from 100 in June, in line with market expectations and remaining close to its long-term average. Past production rebounded to 7 from 3, while the general production outlook improved for a third straight month to -10 from -15, nearing its historical norm. However, personal production expectations weakened to -1 from 3, the lowest since August 2025. Order books also improved, with the global balance rising to -12 from -14, while foreign orders held steady at -12, both remaining above their long-term averages. Finished goods inventories fell sharply to 10 from 16, dropping below average. Expected selling prices declined markedly to 9 from 20, signaling easing price pressures, while perceived economic uncertainty eased to 30 from 31. Employment indicators were mixed, with past staffing improving to 0 from -1 and expected staffing slipping to -3 from 0.