AI Data Insight
France's Q2 2026 services PMI fell to 46.5, declining further from 48.8 in the previous quarter and coming in below market expectations of 48.4. Affected by geopolitical factors, input costs soared to a 29-month high, while the contraction in new orders marked the sharpest decline in two and a half years. The rapid cooling of the overall services sector has conversely deepened market expectations for the European Central Bank (ECB) to initiate rate cuts within the year.