The S&P Global France Services PMI dropped to 46.7 in August 2023 from 47.1 in July, missing the market forecasts of 47.5 and staying contractionary for the third successive period, preliminary estimates showed. It was also the weakest reading in two-and-a-half years, with new orders declining for a fourth month due to poor customer demand, especially from abroad. Meanwhile, the rate of job creation slowed to a two-and-a-half-year bottom, and the orders pending completion fell for the second time in the past three months. Service providers saw a rise in both input and output prices as increased wages pushed up operating costs. Lastly, growth expectations cooled but were still stronger than June’s 32-month low. source: Markit Economics

Services PMI in France averaged 51.46 points from 2008 until 2023, 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 August of 2023.

Services PMI in France is expected to be 52.90 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 54.30 points in 2024 and 52.90 points in 2025, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

France Services PMI



Related Last Previous Unit Reference
Services PMI 46.70 47.10 points Aug 2023
Manufacturing PMI 46.40 45.10 points Aug 2023
Composite PMI 46.60 46.60 points Aug 2023

France Services PMI
The HCOB France Services PMI is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The sectors covered include consumer (excluding retail), transport, information, communication, finance, insurance, real estate and business services. The headline figure is the Services Business Activity Index. This is a diffusion index calculated from a question that asks for changes in the volume of business activity compared with one month previously. The Services Business Activity Index is comparable to the Manufacturing Output Index. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.
Actual Previous Highest Lowest Dates Unit Frequency
46.70 47.10 62.90 10.20 2008 - 2023 points Monthly

News Stream
France Services Contraction Unexpectedly Deepens
The S&P Global France Services PMI dropped to 46.7 in August 2023 from 47.1 in July, missing the market forecasts of 47.5 and staying contractionary for the third successive period, preliminary estimates showed. It was also the weakest reading in two-and-a-half years, with new orders declining for a fourth month due to poor customer demand, especially from abroad. Meanwhile, the rate of job creation slowed to a two-and-a-half-year bottom, and the orders pending completion fell for the second time in the past three months. Service providers saw a rise in both input and output prices as increased wages pushed up operating costs. Lastly, growth expectations cooled but were still stronger than June’s 32-month low.
2023-08-23
France Services Sector Contracts for 2nd Month
The S&P Global France Services PMI dropped to 47.1 in July 2023 from 48 in June, missing the flash estimates of 47.4 and staying contractionary for the second successive period. Business activity fell to a nearly two-and-a-half-year low, while new orders declined for a third month due to poor customer demand, especially from abroad. The strikes and protests against pension reform also weighed on the sector performance. Meanwhile, the rate of job creation slowed, and the backlog of work piled up. On the price front, inflation remained above its long-term average since greater salary expenses pushed up operating costs. After retreating to an over two-and-a-half-year bottom in June, the future outlook improved, with business confidence hitting a four-month high amid hopes for increased activity on the back of businesses expansion.
2023-08-03
France Services PMI Below 50 for 2nd Month
The HCOB France Services PMI fell to 47.4 in July 2023 from 48 in June and below forecasts of 48.4, preliminary estimates showed. The reading pointed to a second straight month of shrinking services activity and the biggest contraction since February of 2021, as output declined amid lower sales and higher prices. On the price front, service providers commented on rising wage bills. Meanwhile, there was a strengthening of business confidence with some companies linking expectations of growth to recent hiring activity.
2023-07-24