初步估计显示,HCOB法国服务业采购经理人指数在2025年7月为49.7,略高于市场预期和6月份的49.6。尽管这标志着服务业连续第11个月出现收缩,但这是当前序列中最温和的下降。产量下降速度较慢,但新订单下降速度为三个月来最快。与此同时,由于预算下降、对销售前景的担忧以及国内政治的不确定性,法国公司对未来一年的预期急剧恶化,达到去年11月以来的最低水平。为应对黯淡的前景,企业在本月进一步裁员,裁员仅集中在服务业。在成本方面,服务价格仅小幅上涨,尽管在出厂价格再次上涨后,上涨速度略有加快。
The HCOB France Services PMI came in at 49.7 in July 2025, slightly above market expectations and June’s figure of 49.6, preliminary estimates showed. Although this marked the eleventh consecutive month of contraction in the services sector, it was the softest decline in the current sequence. Output fell at a slower pace, but new orders dropped at the fastest rate in three months. Meanwhile, French firms’ year-ahead expectations deteriorated sharply, reaching their lowest level since November of last year, amid lower budgets, concerns about the sales outlook, and domestic political uncertainty. In response to the dimmer outlook, businesses made further cuts to employment during the month, with job reductions concentrated solely in the services sector. On the cost front, prices charged for services rose only marginally, though the pace of increase picked up slightly following a renewed uptick in factory gate prices.