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France S&P Global Services PMI climbed to 49.8 Points in June 2026, released July 2026, up 3 Points from May's 46.8 Points reading. The reading matched the 47.5 Points consensus.
across last 12 releases
Jul 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
S&P Global Services PMI (France) was reported at 49.80 Points in June 2026. This beat the market consensus of 47.50 Points by 2.30 Points. The reading rose from the previous value of 46.80 Points. Over the past 12 months, the indicator has averaged 46.83 Points, ranging from 42.90 Points to 49.80 Points across 6 releases. This is classified as a medium-impact indicator released on a monthly basis.
The indicator has been trending upward over the last three releases. The trailing three releases averaged 47.17 Points, up from the prior three at 46.50 Points.
Historically, this indicator is positively correlated with CAC 40 (Bullish FR). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 2.16 Points.
The next release is scheduled for August 21, 2026. Same-country events in the next 14 days include Industrial Production MoM (Aug 5) and Unemployment Rate (Aug 7).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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.
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.
Latest reading (Jul 2026): actual 49.8 Points, consensus 47.5 Points. Prior reading (Jun 2026): 47.4 Points. Before that (May 2026): 44.3 Points.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.
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| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 05:30 | Gross Domestic Product QoQ | 0.2 | -0.1 | 0.2 | 0.20 | Medium | |
| 05:30 | Consumer Spending MoM | 0.4 | 0.3 | -0.1 | 0.15 | Medium | |
| 05:30 | GDP Growth Rate YoY | 0.7 | 0.8 | 0.8 | 0.75 | High | |
| 05:30 | GDP Growth Rate QoQ | 0.2 | -0.1 | 0.2 | 0.20 | High | |
| 05:30 | Gross Domestic Product YoY | 0.7 | 0.8 | 0.8 | 0.75 | Medium | |
| 05:30 | Household Consumption MoM | 0.4 | 0.3 | -0.1 | 0.15 | Low | |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:45 | Harmonised Inflation Rate MoM | 0.6 | -0.3 | 0.3 | 0.45 | Low | |
| 06:45 | Producer Price Index YoY | 2.6 | 3.1 | 2.7 | 2.65 | Low | |
| 06:45 | Inflation Rate YoY | 2.1 | 1.8 | 1.8 | 1.95 | High | |
| 06:45 | Harmonised Inflation Rate YoY | 2.4 | 2 | 2.1 | 2.25 | Low | |
| 06:45 | Producer Price Index MoM | -0.6 | -0.2 | -0.4 | -0.50 | Low | |
| 06:45 | CPI MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium | |
| 06:45 | Inflation Rate MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium | |
| 06:45 | HICP YoY | 2.4 | 2 | 2.1 | 2.25 | Low | |
| 06:45 | HICP MoM | 0.6 | -0.3 | 0.3 | 0.45 | Medium | |