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.

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France Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.30 48.20 62.90 10.20 2008 - 2021 points Monthly


News Stream
French Services Sector Returns to Growth
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.
2021-05-05
French Services Sector Rebounds in April
The IHS Markit France Services PMI rose to 50.4 in April of 2021 from 48.2 in the previous month and well above market expectations of 46.5, a flash estimate showed. The latest reading pointed to a marginal expansion in the services sector after seven consecutive months of contraction, amid improvement in demand conditions. Business activity and new orders posted slight increases while employment continued to grow. On the price front, input inflation was still sharp amid severe global raw material shortages; while output charges were reduced fractionally. Looking forward, business sentiment remained strongly positive.
2021-04-23
French Services PMI Revised Higher
The IHS Markit France Services PMI was revised higher to 48.2 in March of 2021 from a preliminary 47.8 and compared with February's 45.6. The latest reading pointed to the softest monthly contraction in French service sector activity during 2021 so far, although extending the current run of decline to seven months. New business and business activity declined at a slower pace while employment rose faster. Among sectors, Hotels & Restaurants remained the weakest performers amid a slight deterioration in demand conditions. On the price front, both input costs and output charges increased as global supply chain issues led to shortages of raw materials. On a brighter note, business sentiment was at the strongest for two-and-a-half years and historically marked, driven by expectations of a rebound in economic activity as vaccine rollouts continue and COVID-19 restrictions are gradually relaxed.
2021-04-07
French Services Sector Stronger than Expected
The IHS Markit France Services PMI rose to 47.8 in March of 2021 from 45.6 in the previous month and well above market expectations of 45.5, a flash estimate showed. The latest reading pointed to a 7th straight contraction in services activity although the smallest since December, as new orders continued to fall but the rate of decline in export orders was the softest in the current 13-month sequence. In addition, employment increased for the third straight month. On the price front, input prices rose at the quickest rate of seven months and solidly overall, often linked to shortages of raw materials.
2021-03-24

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.