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.