The French services economy drove an acceleration in private sector output growth during June, but manufacturing lost further momentum. Posting 55.6 in June, up from 54.2 in the previous month, the IHS Markit Flash France Composite Output Index registered a two-month high.

The index remains at a historically strong level, though is still down on readings seen around the turn of 2018. There was a noticeable divergence between the two principal sectors covered by the survey in June. On the one hand, services providers registered a robust and accelerated rate of activity growth, supported by a similar sized increase in new work. Panellists reported that market activity had picked up, and there was some success in converting this into hard contract wins.