The IHS Markit France Services PMI rose to 56.6 in May of 2021, from 50.3 in the prior month and was in line with preliminary figures. The latest reading pointed to the 2nd straight month of expansions in the services sector and was the highest since July of 2020, amid easing lockdown restrictions and improving domestic demand. Output was lifted by new business growth, which increased at the fastest pace in three years, while exports continued to fall for the 15th consecutive month. Among sectors, Post & Telecommunications and Financial Intermediation sub-sectors were the best performers. Employment went up marginally, due to difficulties in sourcing suitable applicants and voluntary resignations. On the price front, input cost inflation eased moderately from April’s peak, and output prices rose as firms partially passed on the higher costs to clients. Looking ahead, business sentiment was the strongest in over a decade, on hopes of a return to normality and stronger demand conditions. source: Markit Economics
Services PMI in France averaged 51.07 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 June 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.