Its kinda getting a bit picky logic wise, but here is the reasoning straight from Bruice text "The halogens are weakly deactivating substituents. Like all strongly and moderately activating substituents, the halogens donate electrons to the ring by resonance and withdraw electrons from the ring inductively. Because halogen substituents have been found experimentally to make benzene less reactive, they must withdraw electrons more strongly than they donate electrons by resonance"
"Since fluorine is the weakest deactivator of the halogens, electron donation by resonance must be the more important factor in determining the relative reactivities of halo-substituted benzenes"
(fluorine is better at donating because its a 2p orbital and they got better overlap)