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FX.co ★ French Services Activity Slips Deeper into Contraction in August, HCOB PMI Falls to 48.0

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typeContent_19130:::2026-09-03T07:50:00

French Services Activity Slips Deeper into Contraction in August, HCOB PMI Falls to 48.0

France’s services sector weakened in August, with the HCOB France Services PMI edging down to 48.0 from 49.6 previously, signaling a sharper contraction in activity.

According to the latest reading for August 2026, published on 3 September 2026, the index moved further below the 50-point threshold that separates expansion from contraction. The decline from July’s 49.6 suggests that demand conditions in France’s services economy have softened, with overall business activity losing momentum over the month.

The fresh data will likely reinforce concerns about the resilience of France’s services sector, which has been a key pillar of the country’s broader economic performance. Investors and policymakers will now be watching upcoming surveys closely for signs of whether the slowdown deepens or stabilizes in the coming months.

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