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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance S&P Global Services PMI fell to 48 Points in August 2026
FMPMonthlyReleased September 2026
France S&P Global Services PMI fell to 48 Points in August 2026, released September 2026, down 1.6 Points from July's 49.6 Points reading. The reading matched the 48.4 Points consensus.
Latest Release
48.000000
Actual
48.400000
Consensus
49.600000
Previous
Median Absolute Error
±2.1
across last 12 releases
Last Call
Sep 2026
Predicted: 48.73
Actual: 48
Error: +0.73
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
S&P Global Services PMI (France) was reported at 48.00 Points in August 2026. This missed the market consensus of 48.40 Points by 0.40 Points. The reading fell from the previous value of 49.60 Points. Over the past 12 months, the indicator has averaged 47.44 Points, ranging from 42.90 Points to 49.80 Points across 9 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 48.67 Points, up from the prior three at 47.17 Points.
THE MODEL'S TAKE
Over the last 12 releases, the Sigmacast model's median absolute error is 2.10 Points.
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Composite PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
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S&P Global Services PMI - FR
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About S&P Global Services PMI — France
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 48 Points, consensus 48.4 Points. Prior reading (Aug 2026): 48.4 Points. Before that (Jul 2026): 49.6 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - FR Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:45 | FR | Harmonised Inflation Rate YoY | 2.7 | 2.4 | 2.7 | 2.70 | Low |
| 06:45 | FR | Harmonised Inflation Rate MoM | 0.8 | 0.6 | 0.8 | 0.80 | Low |
| 06:45 | FR | Inflation Rate MoM | 0.7 | 0.6 | 0.7 | 0.70 | Low |
| 06:45 | FR | Inflation Rate YoY | 2.4 | 2.1 | 2.4 | 2.40 | Low |