The S&P Global France Services PMI rose to 47.4 in June 2026, up from a more than five-year low of 44.3 in May and above market expectations of 45.5, according to flash estimates. This was the highest reading since March, indicating that business activity continued to contract but at a slower pace, supported by tentative improvements in new orders and client demand.
On the pricing side, inflationary pressures eased compared with the previous month but remained significantly higher than levels seen before the outbreak of the Middle East conflict.
Looking ahead, business expectations for the next twelve months improved for the first time this year. Nonetheless, overall sentiment stayed weak by historical standards, as rising fuel costs, persistent geopolitical tensions in the Middle East, and broader economic uncertainty continued to dampen confidence.
