The IHS Markit France Services PMI dropped to 46.5 in October 2020 from 47.5 in the previous month and below market expectations of 46.8, a flash estimate showed. The reading pointed to the second successive contraction in the services sector the imposition of curfews in several cities due to a rise of coronavirus cases. Output declined, both export sales and new orders dropped sharply on the back of the recent surge of infections. Meantime, the job shedding rate slowed, while outstanding business fell further. On the price front input prices continue to increase while output charges dropped. Finally, sentiment deteriorated. source: Markit Economics
Services PMI in France averaged 51.22 points from 2008 until 2020, 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 October of 2020.
Services PMI in France is expected to be 48.00 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 52.50 in 12 months time. In the long-term, the France Services PMI is projected to trend around 52.50 points in 2021 and 53.60 points in 2022, according to our econometric models.