FX.co ★ French Private Sector Edges Toward Stability

The HCOB France Composite PMI increased to 49.9 in November 2025, marking its highest level since August 2024. This is an improvement from October's figure of 47.7 and surpasses market expectations of 48.1, according to preliminary estimates. This latest data indicates that business activity in France is approaching stabilization after experiencing over a year of decline. The growth was driven by a rebound in the services sector, which recorded a PMI of 50.8 compared to 48 in October, effectively offsetting the intensified contraction in the manufacturing sector, where the PMI fell to 47.8 from 48.8.