The HCOB France Services PMI rose to 49.6 in February 2026 from 48.4 in the prior month, coming in above market expectations of 49.2, flash estimates showed. Still, the latest PMI remained in contraction for the second consecutive month, primarily weighed down by subdued customer demand, adverse weather conditions, and ongoing weakness in the construction industry. New business inflows continued to decline, with the pace of contraction accelerating compared to the previous month. Meanwhile, there was a further reduction in backlogs of work, while service providers recorded a modest increase in staffing levels. On the price front, services companies offered the steepest discounts in nine months. Looking ahead, service providers were less optimistic in February, though sentiment remained comfortably above the average level seen in 2025. They said expectations of a pickup in demand were driving their optimism for the months ahead. source: S&P Global

Services PMI in France increased to 49.60 points in February from 48.40 points in January of 2026. Services PMI in France averaged 51.03 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 increased to 49.60 points in February from 48.40 points in January of 2026. Services PMI in France is expected to be 51.00 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 54.00 points in 2028, according to our econometric models.



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Car Production 910243.00 1505076.00 Units Dec 2024
Car Registrations 107157.00 172927.00 Units Jan 2026
Changes in Inventories -7574.00 -51.00 EUR Million Dec 2025
Composite Leading Indicator 101.53 101.28 points Jan 2026
Corruption Index 66.00 67.00 Points Dec 2025
Corruption Rank 27.00 25.00 Dec 2025
Electricity Price 52.89 51.20 EUR/MWh Feb 2026
Electricity Production 56979.77 50545.81 Gigawatt-hour Dec 2025
Industrial Production 1.70 2.10 percent Dec 2025
Industrial Production MoM -0.70 0.10 percent Dec 2025
Manufacturing Production 2.10 2.20 percent Dec 2025
Mining Production -9.20 -7.10 percent Dec 2025
Natural Gas Stocks Capacity 125.72 125.72 TWh Feb 2026
Natural Gas Stocks Injection 16.11 35.16 GWh/d Feb 2026
Natural Gas Stocks Inventory 28.25 28.91 TWh Feb 2026
Natural Gas Stocks Withdrawal 677.20 749.40 GWh/d Feb 2026
New Orders -11.10 -16.50 points Jan 2026
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France Services PMI
The HCOB 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 PMI Above Forecasts
The HCOB France Services PMI rose to 49.6 in February 2026 from 48.4 in the prior month, coming in above market expectations of 49.2, flash estimates showed. Still, the latest PMI remained in contraction for the second consecutive month, primarily weighed down by subdued customer demand, adverse weather conditions, and ongoing weakness in the construction industry. New business inflows continued to decline, with the pace of contraction accelerating compared to the previous month. Meanwhile, there was a further reduction in backlogs of work, while service providers recorded a modest increase in staffing levels. On the price front, services companies offered the steepest discounts in nine months. Looking ahead, service providers were less optimistic in February, though sentiment remained comfortably above the average level seen in 2025. They said expectations of a pickup in demand were driving their optimism for the months ahead.
2026-02-20
France Services PMI Revised Higher
The HCOB France Services PMI fell to 48.4 in January 2026, revised upward from the preliminary estimates of 47.9, compared with 50.1 in December. The latest PMI marked a return to contraction since October 2025, reflecting subdued demand, unusually poor weather, and broadly unfavorable economic conditions. New orders fell at its fastest pace in six months, as clients adopted a cautious approach to spending. Meanwhile, service providers showed a modest willingness to hire after two months of stagnation, with workforce numbers increasing slightly to support anticipated activity. On the pricing front, input costs continued to rise, driven by higher product prices and wages. Output prices also accelerated to its highest rate since November 2024, as they chose to pass on increased costs to clients. Looking ahead, service providers expressed stronger optimism about the next twelve months, citing plans for increased investment in 2026 and expectations of more supportive business conditions.
2026-02-04
France Services PMI Posts Sharpest Drop in 9 Months
The HCOB France Services PMI fell to 47.9 in January 2026 from 50.1 in December, flash estimates showed, marking the sharpest contraction in services activity in nine months. The decline reflected subdued economic conditions and customer hesitancy to place orders, amid ongoing political uncertainty surrounding the national budget. New business volumes weakened markedly, with services firms reporting a much steeper deterioration in demand than manufacturers. Backlogs of work continued to fall, while employment rose only marginally, highlighting cautious hiring behavior. On the price front, average prices charged were unchanged, as clients successfully negotiated amid favorable buyer conditions, while input cost inflation remained well below historical norms despite a modest uptick. Finally, business expectations improved, with firms more optimistic about the year ahead on hopes that the budget impasse will ease, although overall sentiment remains restrained by fragile demand conditions.
2026-01-23