The S&P Global France Services PMI fell to 51.2 in September 2026, revising lower than the preliminary estimate of 51.4 but rising from 48.0 in August, marking the first expansion in services activity since last December. Growth remained modest and below the survey average, while new business declined marginally as uncertainty weighed on sales. New export orders also fell for the 14th consecutive month, although the decline was the weakest since November 2025. Employment decreased for a fifth straight month, but the pace of job losses was marginal and the slowest since June. On the price front, input costs rose further due to higher fuel, computer hardware and raw material prices, while prices charged increased at their fastest pace in more than three years. Business expectations remained positive but weakened from August, with the forthcoming election period, higher interest rates and low client confidence weighing on the outlook.