2024年6月，HCOB法国综合采购经理人指数上调至48.8，而此前的预估值为48.2，但略低于5月的48.9。这表明法国私营部门略有收缩，服务业（5月为49.6比49.3）和制造业（45.4比46.4）都有所下降。法国商品和服务的需求大幅下降，因为这两个行业的新订单都有所减少。尽管如此，就业率上升，尽管是三个月来最疲软的，但完全是由服务业推动的。销售疲软加速了积压订单的清理速度，导致未完成订单出现自1月份以来的最大降幅。在定价方面，成本的上涨速度略快，与2021年2月以来产出费用的最温和上涨形成对比。最后，私营部门商业信心在6月份跌至四个月来的低点。

The HCOB France Composite PMI was revised upwards to 48.8 in June 2024, compared to the flash estimate of 48.2 but slightly below May's reading of 48.9. This indicated a slight contraction in the French private sector, with declines seen for both the services (49.6 vs 49.3 in May) and manufacturing sectors (45.4 vs 46.4). Demand for French goods and services saw a significant decline, as new orders shrank in both sectors. Nevertheless, employment rose, albeit to the softest extent in three months, solely driven by services. Weaker sales accelerated the rate at which backlogs were cleared, resulting in the sharpest decline in outstanding orders since January. In terms of pricing, a slightly faster uptick in costs contrasted with the softest rise in output charges since February 2021. Lastly, private sector business confidence dropped to a four-month low in June.

HCOB法国服务业采购经理人指数从上月的49.3升至2024年6月的49.6，超过了最初预计的48.8。这标志着法国服务业连续第二个月收缩，主要是由于新订单的急剧下降，这是自1月份以来的最大降幅，而7月份即将到来的大选充满了不确定性。与此同时，尽管增长放缓至三个月来的最低水平，但就业创造连续第四十二个月延续。在价格方面，通胀压力有所缓解，售价涨幅最小，而投入成本降至三年来的最低水平，尽管与疫情前相比仍有所上升。总体而言，乐观情绪恶化至五个月低点，反映出由于选举相关的不确定性而产生的谨慎情绪。

The HCOB France Services PMI rose to 49.6 in June 2024 from 49.3 in the previous month, beating initial estimate of 48.8. This marked the second consecutive month of contraction in France's service sector, driven primarily by a sharp decline in new orders, the steepest since January, amidst uncertainty surrounding the upcoming general election in July. Meanwhile, job creation extended its streak for a forty-second month, although growth slowed to a three-month low. On the price front, inflationary pressures eased with minimal increases in selling prices, while input costs decreased to a three-year low, albeit remaining elevated compared to pre-pandemic levels. Overall, optimism deteriorated to a five-month low, reflecting cautious sentiment due to election-related uncertainties.

周三早盘，CAC 40指数上涨0.8%，至7600点，收复了前一交易日的失地，投资者吸收了美联储主席鲍威尔的鸽派言论和法国最近的政治发展。周二，美联储主席杰罗姆·鲍威尔在欧洲央行论坛上发言时指出，价格开始显示出新的抑制通胀趋势的迹象，并强调在对抗通胀方面取得了重大进展。与此同时，在法国政坛，全国集会（RN）的反对者加大了阻止极右翼政党掌权的力度，更多的候选人退出，以在即将到来的决选中巩固反RN的选票。涨幅居前的是Eurofins Scientific（上涨3.1%）、STMicroelectronics（上涨2.5%）和SociétéGénérale（上涨2.2%）。

The CAC 40 rose 0.8% to 7,600 in early trading on Wednesday, recovering losses from the previous session, as investors absorbed dovish remarks from Fed Chair Powell and recent political developments in France. On Tuesday, Fed Chair Jerome Powell, speaking at the ECB Forum, noted that prices are beginning to show signs of a renewed disinflationary trend and emphasized that significant progress has been made in combating inflation. Meanwhile, in French politics, opponents of the National Rally (RN) have intensified their efforts to prevent the far-right party from gaining power, with more candidates withdrawing to consolidate the anti-RN vote in the upcoming runoff. Leading the gains were Eurofins Scientific (up 3.1%), STMicroelectronics (up 2.5%), and Société Générale (up 2.2%).

在巴黎，CAC 40指数周三上涨63点，涨幅0.84%。涨幅居前的是Eurofins Scientific SE（3.10%）、STMicroelectronics（2.50%）和法国兴业银行（2.23%）。跌幅最大的是Stellantis NV（-2.19%）和Publicis（-0.08%）。

In Paris, the CAC 40 Index is gaining 63 points or 0.84 percent on Wednesday. Leading the gains are Eurofins Scientific SE (3.10%), STMicroelectronics (2.50%) and Societe Generale (2.23%). Top losers are Stellantis NV (-2.19%) and Publicis (-0.08%).