{"id":433146,"date":"2026-07-03T14:50:31","date_gmt":"2026-07-03T07:50:31","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/french-services-activity-continues-downturn-in-june-but-at-a-slower-pace-433146\/"},"modified":"2026-07-03T14:50:31","modified_gmt":"2026-07-03T07:50:31","slug":"french-services-activity-continues-downturn-in-june-but-at-a-slower-pace","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/french-services-activity-continues-downturn-in-june-but-at-a-slower-pace-433146\/","title":{"rendered":"French services activity continues downturn in June but at a slower pace"},"content":{"rendered":"<div>\n<ul>\n<li>Services PMI 46.8 vs 47.4 prelim<\/li>\n<li>Prior 44.3<\/li>\n<li>Composite PMI 47.2 vs 47.6 prelim<\/li>\n<li>Prior 44.9<\/li>\n<\/ul>\n<p class=\"text-align-justify\">The final readings are softer than the initial estimates but at least reaffirms that the downturn in the French economy is less profound in June than it was in May. Of note, the PMI data reveals the slowest declines in output and new orders since<br \/>\nMarch.<\/p>\n<p class=\"text-align-justify\">Besides that, there was a slight pick-up in business<br \/>\nconfidence and a softening of inflationary pressures. So, that adds to some good news for ECB policymakers in guarding against stagflation pressures.<\/p>\n<p class=\"text-align-justify\">S&amp;P Global notes that:<\/p>\n<p class=\"text-align-justify\">&#8220;There was a reduced drag on demand from non-domestic<br \/>\ncustomers, as evidenced by a markedly softer fall in new<br \/>\nexport business. The latest survey data indicated the<br \/>\nweakest decline since March, with the pace of deterioration<br \/>\neasing sharply from May&#8217;s five-and-a-half-year record.<\/p>\n<p class=\"text-align-justify\">A welcome development for firms was on the inflation front<br \/>\nas June survey data signalled an easing of cost pressures for<br \/>\nthe first time since the outbreak of war in the Middle East.<br \/>\nHowever, input prices continued to increase sharply amid reports of greater fuel, energy and salary costs.<\/p>\n<p class=\"text-align-justify\">As for prices charged, French services companies registered<br \/>\nuplifts once again in June, extending the current sequence of<br \/>\ninflation to three months. Services fees rose at a slower pace<br \/>\nthan in May, however, amid reports from some companies<br \/>\nof a reluctance to increase their charges due to competition<br \/>\nand fears of losing clients.&#8221;<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Services PMI 46.8 vs 47.4 prelim Prior 44.3 Composite PMI 47.2 vs 47.6 prelim Prior 44.9 The final readings are softer than the initial estimates but at least reaffirms that the downturn&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-433146","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433146","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=433146"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}