AI Data Insight
The flash estimate of France's composite PMI for the second quarter of 2026 unexpectedly plunged to 43.5 from the previous value of 47.6, falling significantly short of the market expectation of 47.7 and hitting a new low since November 2020. Impacted by the surge in energy costs triggered by the situation in the Middle East, both the services and manufacturing sectors have fallen into deep contraction. Stagflation risks are rising, and businesses are turning increasingly pessimistic about the future outlook.