The IHS Markit France Services PMI increased to 57.4 in November of 2021 from 56.6 in the previous month but missed a preliminary estimate of 58.2. The rate of expansion was the strongest in five months, underpinned by sustained and robust demand conditions, improving tourism, and the resumption of certain activities impacted by the pandemic. Output rose at the fastest pace since June 2011 and new order growth was solid amid reports of increased business enquiries from existing customers. Employment continued to advance due to the resumption of activities that had been closed due to the pandemic and as firms sought to ease backlogs of work, which accumulated the most in four months. On the price front, both input and output inflation quickened, with the former hitting a 13-1/2-year high. Looking ahead, firms were more optimistic and expected demand and output to continue increasing. However, inflationary pressures remained elevated during October. source: Markit Economics

Services PMI in France averaged 51.29 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 December of 2021.

Services PMI in France is expected to be 55.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Related Last Previous Unit Reference
Services PMI 57.40 56.60 points Nov/21
Manufacturing PMI 55.90 53.60 points Nov/21
Composite PMI 56.10 54.70 points Nov/21

News Stream
French Services PMI Misses Expectations in November
The IHS Markit France Services PMI increased to 57.4 in November of 2021 from 56.6 in the previous month but missed a preliminary estimate of 58.2. The rate of expansion was the strongest in five months, underpinned by sustained and robust demand conditions, improving tourism, and the resumption of certain activities impacted by the pandemic. Output rose at the fastest pace since June 2011 and new order growth was solid amid reports of increased business enquiries from existing customers. Employment continued to advance due to the resumption of activities that had been closed due to the pandemic and as firms sought to ease backlogs of work, which accumulated the most in four months. On the price front, both input and output inflation quickened, with the former hitting a 13-1/2-year high. Looking ahead, firms were more optimistic and expected demand and output to continue increasing. However, inflationary pressures remained elevated during October.
2021-12-03
French Services Sector Stronger than Forecast
The IHS Markit France Services PMI increased to 58.2 in November of 2021 from 56.6 in October and well above market expectations of 56, a flash estimate showed. The expansion was solid and the fastest in almost four years, helped by new client contracts and higher workloads from existing customers, as well as some revival in tourist activity. Moreover, employment growth continued to increase at a strong pace. However, supply-chain disruptions persisted, which was reflected in rising input costs and selling charges.
2021-11-23
French Services Sector Gains Momentum
The IHS Markit France Services PMI increased to 56.6 in October of 2021 from 56.2 in the previous month and in line with a preliminary estimate. The expansion was strong overall and the fastest in three months, as demand conditions improved amid the resumption of pre-pandemic levels of activity among their clients. Output rose at the fastest rate since July, ending a three-month period of slowing growth. At the same time, both new orders and employment increased markedly, with staffing levels rising at the fastest pace for over two decades. Some companies also reportedly benefited from looser travel restrictions, which encouraged orders from overseas clients. However, inflationary pressures remained elevated during October.
2021-11-04

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.