FX.co ★ French Private Sector Activity Stalls in February

The HCOB France Composite PMI stood at 49.9 in February 2026, unchanged from the preliminary estimate and up from 49.1 in January. The data indicate that French private sector activity was broadly stagnant in February, as persistent uncertainty continued to weigh on demand. The services PMI rose to 49.6, an improvement from January’s 48.4, but remained below the 50 threshold, signaling that the sector was still in contraction.