The IHS/Markit France Services PMI was revised higher to 31.1 in May 2020 from a preliminary 29.4 and compared to April’s record low of 10.2. Still, the reading pointed to the third sharpest contraction since series began, as many firms remained closed amid coronavirus pandemic. Output and new orders continued to shrink, albeit at a slower pace amid lower demand. Also, new export orders fell for the third consecutive month, as key export partners remained under coronavirus-related restrictions. The job shedding rate slowed, as some firms used the 'partial unemployment' scheme in order to maintain staffing levels. On the price front, input prices dropped at a softer pace amid lower fuel prices and wage expenditure, and output charges decreased for the third successive month. Finally, French service providers were optimistic towards the 12-month business, marking the first positive reading since February.

Services PMI in France averaged 51.23 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 June of 2020. source: Markit Economics

Services PMI in France is expected to be 42.00 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 50.80 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
29.40 10.20 62.90 10.20 2008 - 2020 points Monthly


News Stream
France Services PMI Third-Lowest on Record
The IHS/Markit France Services PMI was revised higher to 31.1 in May 2020 from a preliminary 29.4 and compared to April’s record low of 10.2. Still, the reading pointed to the third sharpest contraction since series began, as many firms remained closed amid coronavirus pandemic. Output and new orders continued to shrink, albeit at a slower pace amid lower demand. Also, new export orders fell for the third consecutive month, as key export partners remained under coronavirus-related restrictions. The job shedding rate slowed, as some firms used the 'partial unemployment' scheme in order to maintain staffing levels. On the price front, input prices dropped at a softer pace amid lower fuel prices and wage expenditure, and output charges decreased for the third successive month. Finally, French service providers were optimistic towards the 12-month business, marking the first positive reading since February.
2020-06-03
France Services PMI Beats Forecasts
The IHS/Markit France Services PMI increased to 29.4 in May of 2020 from a record low of 10.2 in April and better than market expectations of 27.8. Still, the reading pointed to a big contraction in the services sector due to coronavirus lockdowns and restrictions, preliminary figures showed. Output, new export orders and employment fell at a softer pace as some businesses started to reopen. French businesses remained pessimistic towards the 12-month business outlook although the degree of negativity eased since April. Service providers also anticipated a reduction in activity over the next year
2020-05-21
French Services PMI Revised Down to New Record Low
The IHS Markit France Services PMI was revised down to 10.2 in April 2020 from a preliminary 10.4, and compared to March’s 27.4. The reading pointed to the steepest contraction in services activity on record amid a full month of lockdown measures due to the coronavirus pandemic. New orders slumped to an all-time low, as export sales dropped at the fastest pace since series began. The job shedding rate quickened to its highest on record. On the price front, input prices fell at the sharpest pace since survey began due to heavy discounts from suppliers. While output charges dropped at the fastest pace since June 2009. Finally, sentiment deteriorated to a new series low linked to expectations for a prolonged global economic downturn.
2020-05-06
French Service Sector Contracts at Record Pace
The IHS Markit France Services PMI plunged to 10.4 in April of 2020 from 27.4 in the previous month and well below market expectations of 25, a preliminary estimate showed. The latest reading pointed to the quickest downturn in activity since the series began in May of 1998 amid ongoing business closures stifling both supply and demand. The coronavirus outbreak continued to supress demand in the first month of the second quarter, with new orders and new export orders contracting at the fastest in the series history. The rate of workforce contraction registered a considerable reduction. Finally, business sentiment hit a fresh record low.
2020-04-23

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.