French HCOB Services PMI Final (Jan) 48.4 vs. Exp. 47.9 (Prev. 50.1)
Importance
Level 1
- “Labour market prospects in the French service sector appear to be broadly balanced. Survey data have pointed to a modest recovery in hiring throughout the second half of 2025, though simultaneous reports of diminishing work backlogs suggest this trend could be a fragile one."
- “Price dynamics in the French services sector remain modest for the time being. Where feasible, firms are attempting to pass higher costs, which are predominantly wage‑related, on to customers in an effort to preserve margins."
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