FX.co ★ French Services PMI Shows Modest Growth in May, Marking a Positive Shift

In an encouraging turn for the French economy, the HCOB France Services Purchasing Managers' Index (PMI) has seen a notable uptick this May, signaling a potential shift towards recovery within the service sector. The PMI, a critical indicator of economic health, climbed from the previous 47.4 to a promising 48.9, as updated on June 4th, 2025.

The improvement is a positive development, halting the service sector's contraction that the earlier figures suggested. Though still below the 50.0 mark that separates expansion from contraction, the climb in the Index reflects resilience and adaptability within France's service industries amidst challenging economic conditions.

This slight but significant improvement suggests that while the sector is still under pressure, it is inching closer to stability. The data serves as a hopeful indicator for investors and stakeholders monitoring France's economic trajectory, with eyes now on further data to confirm whether this growth can be sustained in the coming months.