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.

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France Services PMI

Actual Previous Highest Lowest Dates Unit Frequency
56.60 50.30 62.90 10.20 2008 - 2021 points Monthly


News Stream
France Services Sector Growth Quickens in May
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.
2021-06-03
French Services Sector Growth at 10-Month High
The IHS Markit France Services PMI rose to 56.6 in May of 2021 from 50.3 in the previous month and well above market expectations of 53, a flash estimate showed. The latest reading pointed to the strongest expansion in services activity since July of 2020, amid easing lockdown restrictions and improving client demand. New orders and output expanded further while the decline in exports softened. At the same time, employment continued to rise although the rate of growth eased. On the price front, inflationary pressures persisted due to supply shortages and rising demand. Looking forward, business sentiment was the strongest since April of 2011.
2021-05-21
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

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.