S&P Global Services PMI in France

S&P Global · Monthly (flash + final) · Importance

48.4 (Oct-26) ABS · index · Monthly · CSV

Period	index
Oct 2026	48.4
Sep 2026	51.2
Aug 2026	48.0
Jul 2026	49.6
Jun 2026	46.8
May 2026	44.3

Period	index
Oct 2026	-2.8

Period	index
Oct 2026	0.4

About this indicator

Source

S&P Global Market Intelligence

Frequency

Monthly (flash + final)

Release

Flash around the 23rd of the same month; final around the third working day of the following month. 09:50 CEST (07:50 UTC).

What it is

France's Services PMI (S&P Global, Business Activity Index) is a diffusion index built from a survey of purchasing managers in French services. A reading above 50 signals expanding activity; below 50, contraction. Each month there is a flash (preliminary) reading and a final one.

How it's calculated

A diffusion index of business activity in services, equivalent to the output index in manufacturing, based on a single question about the change versus the previous month. The data are seasonally adjusted.

Market implications

Services make up most of French GDP; together with the manufacturing PMI they form the Composite PMI, a leading indicator of GDP. As the euro area's second-largest economy, the figure feeds into growth expectations for the bloc and ECB policy.

Limitations

A qualitative survey that reflects the direction of change, not its magnitude, and can over-react at turning points in the cycle.