June final services PMI for France fell below preliminary estimates, signaling continued contraction in the sector.
France’s final services PMI for June came in at 46.8, below the preliminary reading of 47.4 and above May’s 44.3. The composite PMI also declined to 47.2 from a preliminary 47.6, up from 44.9 in the prior month.
The data indicates persistent contraction in France’s services sector, though at a slightly slower pace than in May. Economists had anticipated a modest improvement, but the revision suggests weaker-than-expected activity.
Markets may interpret the softer print as a sign of slowing economic momentum, potentially influencing European Central Bank policy expectations.