France's Manufacturing Activity Contracts in July
The France Manufacturing PMI dropped to 49.8 in July from 51.2 in June, signaling a contraction in the sector for the first time since February. The reading fell below market expectations of 50 and indicated weakening production and new orders. Firms also reported declines in purchasing volumes and inventories as they adjusted operations. The decline reflects ongoing challenges facing French manufacturers amid broader economic uncertainty. A PMI value below 50 suggests a contraction, highlighting the sector's struggle to maintain momentum after months of modest growth.
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Topics: economic activity France manufacturing