The IHS Markit France Services PMI was revised slightly lower to 50.3 in April of 2021 from a preliminary 50.4 and compared with March's 48.2. The latest reading pointed to a marginal expansion in the services sector after seven consecutive months of contraction, despite the reintroduction of national COVID-19 lockdown restrictions. Output and new orders returned to growth although posting only marginal increases. Employment also continued to rise. Among sectors, Post & Telecommunications and Financial Intermediation sub-sectors were the best performers. Meanwhile, Hotels & Restaurants continued to post a sharp decline in activity. On the price front, input costs rose amid higher prices for raw materials. Looking forward, business sentiment was the strongest since February of 2018, supported by expectations for a strong rebound in demand when restrictions are fully lifted. source: Markit Economics
Services PMI in France averaged 51.04 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 May of 2021.
Services PMI in France is expected to be 53.00 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 53.60 in 12 months time. In the long-term, the France Services PMI is projected to trend around 54.80 points in 2022 and 53.60 points in 2023, according to our econometric models.