The IHS Markit France Services PMI dropped to 46.5 in October 2020 from 47.5 in the previous month and below market expectations of 46.8, a flash estimate showed. The reading pointed to the second successive contraction in the services sector the imposition of curfews in several cities due to a rise of coronavirus cases. Output declined, both export sales and new orders dropped sharply on the back of the recent surge of infections. Meantime, the job shedding rate slowed, while outstanding business fell further. On the price front input prices continue to increase while output charges dropped. Finally, sentiment deteriorated. source: Markit Economics

Services PMI in France averaged 51.22 points from 2008 until 2020, 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 October of 2020.

Services PMI in France is expected to be 48.00 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 52.50 points in 2021 and 53.60 points in 2022, according to our econometric models.

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France Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
46.50 47.50 62.90 10.20 2008 - 2020 points Monthly


News Stream
French Services Activity Shrinks for 2nd Month
The IHS Markit France Services PMI dropped to 46.5 in October 2020 from 47.5 in the previous month and below market expectations of 46.8, a flash estimate showed. The reading pointed to the second successive contraction in the services sector the imposition of curfews in several cities due to a rise of coronavirus cases. Output declined, both export sales and new orders dropped sharply on the back of the recent surge of infections. Meantime, the job shedding rate slowed, while outstanding business fell further. On the price front input prices continue to increase while output charges dropped. Finally, sentiment deteriorated.
2020-10-23
French Services Sector Back to Contraction in September
The IHS Markit France Services PMI declined to 47.5 in September 2020 from 51.5 in the previous month and matching a preliminary estimate. The reading pointed to the first contraction in the services sector following three consecutive months of expansion, amid renewed disruptions related to the resurgence of COVID-19 infections. New orders fell at the sharpest pace since May and employment dropped for the sixth successive month. Despite firms employing fewer staff, the downturn in new business saw backlogs of work continue to fall albeit at a slower pace. On the price front, input prices rose, while output charges went down at the fastest rate in four months amid efforts to support sales amid subdued demand conditions. Lastly, sentiment improved driven by expectations for the effects of the pandemic to gradually subside.
2020-10-05
French Services Sector Back to Contraction
The IHS Markit France Services PMI fell to 47.5 in September 2020 from 51.5 in the previous month and below market expectations of 51.5, a preliminary estimate showed. The latest reading pointed to the first contraction in the services sector following three consecutive months of expansion, amid renewed disruptions related to the resurgence of coronavirus cases. New orders dropped and export sales declined for the seventh month in a row. In addition, services providers reduced staff members. On the price front, input costs continue to rise while output charges went down sharply. Finally, sentiment strengthened boosted by hopes of improved demand conditions as economies adapt to the challenges of the pandemic.
2020-09-23
French Services PMI Revised Lower
The IHS Markit France Services PMI was revised lower to 51.5 in August of 2020 from a preliminary of 51.9 and 57.3 in July. Still, it pointed to the third straight month of expansion in the services sector as the economy recovers from the coronavirus pandemic. A rebound in the Hotel & Restaurants sub-sector was partially offset by declines in other areas, including Post & Telecommunications and Renting & Business Activities. New business received by service providers was little-changed in August after posting a solid rise during July, with some panellists commenting that their clients were hesitant to commit to work due to uncertainty over the duration of the pandemic. New export orders fell for the fourth month, job cuts accelerated for the first time since April and in put price pressures increased. Looking forward, French services firms were optimistic towards the 12-month business outlook although the degree of confidence was the weakest since May.
2020-09-03

France Services PMI
The France Services PMI (Purchasing Managers' Index) is based on data collected from a representative panel of around 400 companies based in the French service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining.