S&P Global revealed that France’s business activities in June grew lower than expected As inflation spikes and supply disruptions affect the French economy.
In addition, the results of the council elections last weekend in which President Emmanuel Macron lost his majority. It affects the French economy as well.
The report states that The French services purchasing managers’ index (PMI) was at 54.4 in June, down from 58.3 in May, while analysts had forecast 57.6.
France’s primary manufacturing PMI was 51.0 in June, down from 54.6 in May and below expectations of 54.0.
France’s gross manufacturing-primary service PMI was 52.8 in June, down from 57.0 in May and below expectations of 56.0.
The index above 50 indicates that French business activity is expanding.
