2025.11.0509:03:10UTC+00French Services PMI Shrinks Most in 6 Months

In October 2025, the HCOB France Services PMI registered at 48, a slight decline from September's 48.5, although an improvement over the initial estimate of 47.1. This marks the fourteenth consecutive month of contraction, equaling the fastest drop since April, driven by tepid demand and challenging market conditions. The sector witnessed a decline in new business, largely attributed to political uncertainties impacting sales performance. Despite this, there was an acceleration in employment growth due to both the filling of vacancies and strategic staff expansions in anticipation of future business activity. On the pricing front, operational costs increased at their slowest rate in more than four and a half years, while output prices saw a renewed rise. Looking forward, the outlook for the next twelve months remains generally positive, with service providers expressing optimism due to anticipated product launches, new contract opportunities, and continued recruitment efforts.