France Services Activity Revised Lower

2026-09-03 08:08 By Czyrill Jean Coloma 1 min. read

The S&P Global France Services PMI fell to 48.0 in August 2026, revising lower than the preliminary estimate of 48.4 and marking a sharper contraction than 49.6 in the previous month.

New business declined for the eighth time in the past nine months, with firms citing the impact of extreme heat, particularly on demand from non-domestic markets.

Employment also fell once again, as companies continued to avoid replacing departing workers and reduced permanent staff numbers.

On the price front, input costs rose further, with higher fuel prices identified as a key source of inflationary pressure.

Meanwhile, output charges recorded their highest increase in three months.

Looking ahead, French service providers became more optimistic about the 12-month outlook, although confidence remained historically weak and below the survey average.

Political uncertainty, weaker client demand, and challenging global economic conditions continued to weigh on sentiment.



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