The IHS Markit France Services PMI fell to 43.6 in February of 2021 from 47.3 in the previous month and below market expectations of 47, a flash estimate showed. The latest reading pointed to a sixth straight contraction in the services sector and the strongest since November, as some businesses remained temporarily closed due to ongoing coronavirus restrictions. New orders and exports declined further while employment grew for a second straight month. On the price front, input costs continued to rise but output charges were cut again. Finally, service providers were optimistic regarding the 12-month business outlook. source: Markit Economics
Services PMI in France averaged 51.05 points from 2008 until 2021, reaching an all time high of 62.90 points in April of 2011 and a record low of 10.20 points in April of 2020. This page provides the latest reported value for - France Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Services PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Services PMI in France is expected to be 50.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in France to stand at 52.50 in 12 months time. In the long-term, the France Services PMI is projected to trend around 53.60 points in 2022, according to our econometric models.