{"id":432603,"date":"2026-06-23T14:15:03","date_gmt":"2026-06-23T07:15:03","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/french-business-downturn-eases-slightly-in-june-price-pressures-remain-elevated-432603\/"},"modified":"2026-06-23T14:15:03","modified_gmt":"2026-06-23T07:15:03","slug":"french-business-downturn-eases-slightly-in-june-price-pressures-remain-elevated","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/french-business-downturn-eases-slightly-in-june-price-pressures-remain-elevated-432603\/","title":{"rendered":"French business downturn eases slightly in June, price pressures remain elevated"},"content":{"rendered":"<div>\n<ul>\n<li>Services PMI 47.4 vs 46.0 expected<\/li>\n<li>Prior 44.3<\/li>\n<li>Manufacturing PMI 50.7 vs 50.0 expected<\/li>\n<li>Prior 49.7<\/li>\n<li>Composite PMI 47.6 vs 46.4 expected<\/li>\n<li>Prior 44.9<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It&#8217;s a minor relief for French business activity as we see a slight rebound at the end of Q2. That being said, the overall performance still points to a downturn which likely should see the economy contract in the second quarter.<\/p>\n<p class=\"text-align-justify\">Some positive developments from this month&#8217;s showing stems from a broad stabilisation of<br \/>\nemployment, the first improvement in business confidence<br \/>\nsince January and a softening of cost pressures.<\/p>\n<p class=\"text-align-justify\">However, new order inflows contracted once again at the end of the<br \/>\nsecond quarter &#8211; marking seven months of uninterrupted<br \/>\ndecline.<\/p>\n<p class=\"text-align-justify\">The good news at least is that price pressures are seen easing slightly but continue to stay at elevated levels as evident below:<\/p>\n<p class=\"text-align-justify\">S&amp;P Global notes that:<\/p>\n<p class=\"text-align-justify\">&#8220;That said, softer readings in the PMI survey&#8217;s pricing<br \/>\nmeasures, which follow on from the fall in global oil<br \/>\nprices over this past month, could signal that peak<br \/>\ninflation is behind us and the disinflationary process<br \/>\nis underway. However comforting that train of thought<br \/>\nmay be, it may be too soon to make such a claim given<br \/>\nthe uncertainty surrounding ship transits through the<br \/>\nStrait of Hormuz.&#8221;<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Services PMI 47.4 vs 46.0 expected Prior 44.3 Manufacturing PMI 50.7 vs 50.0 expected Prior 49.7 Composite PMI 47.6 vs 46.4 expected Prior 44.9 It&#8217;s a minor relief for French business activity&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-432603","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=432603"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/432603\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=432603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=432603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=432603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}