France’s final services PMI for May came in above the preliminary reading but remained below the 50 threshold, indicating ongoing sector weakness.
France’s final services PMI for May was revised upward to 44.3 from a preliminary 42.9, though it remained below April’s 46.5. The composite PMI also improved to 44.9 from 43.5, compared with 47.6 in the prior month.
The data suggests persistent contraction in the services sector, despite the upward revision. Economists had anticipated a modest recovery, but the figures underscore ongoing weakness in private-sector activity amid elevated interest rates and subdued demand.
Markets are monitoring the divergence between France’s struggling services sector and stronger growth in other eurozone economies, particularly Germany, where recent data has shown resilience.