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02.07.2018 08:02

French manufacturing PMI lower than expected in June

Tim Moore, Associate Director at IHS Markit, which compiles the France Manufacturing PMI survey, said: "June data revealed that manufacturing growth continued to lose momentum in France, with overall business conditions improving at the slowest pace for almost a year-and-a-half. It seems that the source of the slowdown in production growth has shifted from capacity constraints and supply chain bottlenecks to a general soft patch for new order books. Export sales increased only marginally in June, which contributed to the weakest upturn in total new work since the autumn of 2016".

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