03.06.202607:50:00UTC+00French Services Sector Slump Deepens as HCOB PMI Falls to 44.3 in May

France’s services economy weakened further in May, with the HCOB France Services PMI slipping to 44.3, down from 46.5 previously, according to data updated on 3 June 2026.

The latest reading, covering May 2026, signals a sharper contraction in activity in the country’s dominant services sector, moving it further below the 50-point threshold that separates expansion from decline. The drop from 46.5 to 44.3 underscores mounting pressures on service providers and points to a deteriorating near-term outlook for French economic momentum.

The continued decline in the services PMI suggests that domestic demand and business activity remain under strain, adding to concerns about the resilience of France’s post-pandemic recovery and its contribution to broader euro area growth.