The French services sector shows signs of a minor decline, as indicated by the HCOB France Services Purchasing Managers' Index (PMI) for June 2025. The latest figures reveal a slight decrease in the index, moving from 48.9 in May to 48.7 this month, according to the latest data update on June 23, 2025.
This gradual dip marks continued challenges within the sector. A PMI below the 50.0 threshold is indicative of contraction rather than expansion, suggesting that the French services sector is struggling amidst broader economic uncertainties.
Economic analysts point to various factors that could be influencing this contraction, including the global economic climate, inflationary pressures, and domestic concerns. The índice's slight downward shift flags caution for policymakers and stakeholders, suggesting that more robust measures may be needed to return the sector to a path of growth and stability.
