The S&P Global France Services PMI fell to 42.9 in May 2026 from 46.5 in the previous month, worse than market expectations of 46.6, preliminary estimates showed. It marked the sharpest contraction since November 2020, as the ongoing Middle East conflict drove up energy and fuel costs, placing significant pressure on the overall output. Service providers also reported a steep decline in sales volumes. On the price front, inflationary pressures intensified, with firms again citing higher fuel and energy costs as key drivers of price increases. Finally, business sentiment deteriorated markedly for the year ahead, with firms increasingly concerned about persistent price pressures and geopolitical risks. Overall sentiment turned negative for the first time since November 2024, with the level of pessimism reaching its highest since the onset of the COVID-19 pandemic in April 2020. source: S&P Global

Services PMI in France decreased to 42.90 points in May from 46.50 points in April of 2026. Services PMI in France averaged 50.96 points from 2008 until 2026, reaching an all time high of 62.90 points in April of 2011 and a record low of 10.20 points in April of 2020. This page provides the latest reported value for - France Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Services PMI in France decreased to 42.90 points in May from 46.50 points in April of 2026. Services PMI in France is expected to be 44.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Services PMI is projected to trend around 52.00 points in 2027 and 52.50 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Bankruptcies 5972.00 6175.00 Companies Mar 2026
Business Climate Indicator 94.00 94.00 points May 2026
Business Confidence 102.30 100.40 points May 2026
Capacity Utilization 76.95 76.89 percent Apr 2026
Car Production 1463991.00 1357701.00 Units Dec 2025
Car Registrations 138339.00 173634.00 Units Apr 2026
Changes in Inventories 3016.00 -3588.00 EUR Million Mar 2026
Composite Leading Indicator 100.79 100.83 points Apr 2026
Corruption Index 66.00 67.00 Points Dec 2025
Corruption Rank 27.00 25.00 Dec 2025
Electricity Price 56.31 56.14 EUR/MWh May 2026
Electricity Production 50281.86 57912.86 Gigawatt-hour Feb 2026
Industrial Production 0.90 -0.30 percent Mar 2026
Industrial Production MoM 1.00 -0.90 percent Mar 2026
Manufacturing Production 1.60 0.70 percent Mar 2026
Mining Production -5.70 -7.70 percent Mar 2026
Natural Gas Stocks Capacity 123.88 123.88 TWh May 2026
Natural Gas Stocks Injection 697.75 484.30 GWh/d May 2026
Natural Gas Stocks Inventory 51.07 50.40 TWh May 2026
Natural Gas Stocks Withdrawal 29.10 12.70 GWh/d May 2026
New Orders -16.20 -18.20 points Apr 2026
New Car Registrations YoY -0.30 12.90 percent Apr 2026


France Services PMI
The S&P Global France Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
France Services Sector Hits Sharpest Contraction Since 2022
The S&P Global France Services PMI fell to 42.9 in May 2026 from 46.5 in the previous month, worse than market expectations of 46.6, preliminary estimates showed. It marked the sharpest contraction since November 2020, as the ongoing Middle East conflict drove up energy and fuel costs, placing significant pressure on the overall output. Service providers also reported a steep decline in sales volumes. On the price front, inflationary pressures intensified, with firms again citing higher fuel and energy costs as key drivers of price increases. Finally, business sentiment deteriorated markedly for the year ahead, with firms increasingly concerned about persistent price pressures and geopolitical risks. Overall sentiment turned negative for the first time since November 2024, with the level of pessimism reaching its highest since the onset of the COVID-19 pandemic in April 2020.
2026-05-21
France Services Slump Deepens in April
The S&P Global France Services PMI fell to 46.5 in April 2026 from 48.8 in March, confirming preliminary estimates. This marked the steepest contraction since February 2025, as demand conditions weakened significantly. New orders declined at the fastest pace in close to two-and-a-half years, driven by slower client decision-making, cautious spending behaviour, cost pressures, and unfavourable geopolitical conditions. Export demand also fell at the quickest rate in nearly 18 months. On prices, input cost inflation surged to a 29-month high, reflecting sharp increases in fuel, energy, and material costs. Despite this, firms raised selling prices only modestly, as intense competition limited pricing power. Labour market conditions remained mildly positive, with firms still adding staff, although job creation was marginal. Business sentiment fell to a four-month low amid rising inflation expectations and ongoing geopolitical tensions in the Middle East.
2026-05-06
France Services PMI Worsens to 14-Month Low
The S&P Global France Services PMI fell to 46.5 in April 2026, from 48.8 in the previous month and worse than market expectations of 48.4, according to flash estimates. This marks the fourth consecutive month in contraction territory and the steepest decline since February 2025, highlighting weakening consumer demand as households grow more cautious amid ongoing economic uncertainty. On the price front, service providers are facing rising transportation costs, driven by prolonged tensions in the Middle East that have disrupted global supply chains and kept energy prices elevated. In contrast, output prices have remained relatively stable since the outbreak of the conflict, a development likely to be welcomed by policymakers at the European Central Bank. Finally, confidence deteriorated during the latest survey period, slipping to its joint-lowest level since July 2025, as uncertainty and fears of increasing customer cautiousness continued to weigh on sentiment.
2026-04-23