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.

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France Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
43.60 47.30 62.90 10.20 2008 - 2021 points Monthly


News Stream
French Services Activity Shrinks More than Expected
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.
2021-02-19
French Services PMI Revised Higher
The IHS Markit France Services PMI was revised slightly higher to 47.3 in January of 2021 from a preliminary 46.5 and December's 49.1. The latest reading pointed to the 5th consecutive contraction in service sector activity and one that was solid overall, as tighter COVID-19 restrictions hampered demand conditions. The sector most severely affected was hotels & restaurants amid forced temporary closures. New orders and exports continued to decline while firms increased their staff numbers for the first time since February 2020. Meanwhile, input costs increased at the quickest rate for five months. Finally, firms remained optimistic regarding future output, although the degree of positivity softened from December's 20-month high.
2021-02-03
French Services Activity Contracts More than Expected
The IHS Markit France Services PMI fell to 46.5 in January of 2021 from 49.1 in the previous month and below market expectations of 48.5, a flash estimate showed. New orders and new export orders continued to fall while employment grew. On the price front, cost burdens increased. Looking forward, firms remained optimistic towards the 12-month business outlook, supported by expectations of a rebound in demand as COVID-19 restrictions are pared back.
2021-01-22
French Services Activity Shrinks the Least in 4 Months
The IHS Markit France Services PMI rose to 49.1 in December of 2020 from 38.8 in the previous month and slightly below a preliminary estimate of 49.2. The latest reading pointed to the softest contraction in services activity in the current four-month sequence of falls. Business activity continued to shrink despite a fresh increase in new orders which was driven by increased spending on advertising campaigns. Exports also fell the least in ten months. Meanwhile, staffing levels were kept broadly unchanged, following a nine-month sequence of decline. On the price front, input costs rose for the first time in six months and at the quickest pace since August, predominantly driven higher by salary increases. Still, average output charges were cut again but at the softest pace in four months and moderately. Lastly, sentiment strengthened to its highest level since April of 2019, supported by expectations for a further recovery in demand after the easing of COVID-19 restrictions.
2021-01-06

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.