The S&P Global France Services PMI fell to 53.2 in July of 2022, from 53.9 in June, compared to a flash estimate of 52.1. It was the third successive slowdown in the growth rate and the weakest since January, with demand for services rising at the softest pace since April 2021 amid weaker purchasing power among customers due to sky-high inflation. On top of that, the rate of job creation eased to a five-month low. On the price front, both input costs and output prices increased. Finally, firms remained somewhat optimistic in July despite increasing macro headwinds. source: Markit Economics

Services PMI in France averaged 51.51 points from 2008 until 2022, 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 2022.

Services PMI in France is expected to be 54.40 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 2023 and 53.60 points in 2024, according to our econometric models.

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France Services PMI



Related Last Previous Unit Reference
Services PMI 53.20 53.90 points Jul 2022
Manufacturing PMI 49.50 51.40 points Jul 2022
Composite PMI 51.70 52.50 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
53.20 53.90 62.90 10.20 2008 - 2022 points Monthly

News Stream
French Business Activity Slows to Six-Month Low
The S&P Global France Services PMI fell to 53.2 in July of 2022, from 53.9 in June, compared to a flash estimate of 52.1. It was the third successive slowdown in the growth rate and the weakest since January, with demand for services rising at the softest pace since April 2021 amid weaker purchasing power among customers due to sky-high inflation. On top of that, the rate of job creation eased to a five-month low. On the price front, both input costs and output prices increased. Finally, firms remained somewhat optimistic in July despite increasing macro headwinds.
2022-08-03
France Service Sector Growth at 15-Month Low
The S&P Global France Services PMI decreased to 52.1 in July of 2022 from 53.9 in the prior month, missing market estimates of 52.7, a flash estimate showed. The latest reading pointed to the weakest pace of growth in the services sector since April of 2021, pressured by a marked downturn in demand. While output rose at a slower pace, new orders contracted for the first time in 16 months. On the other hand, hiring activity remained solid. On the price front, input price inflation slowed to a 5-month low, despite remaining close to the record highs touched earlier in the year.
2022-07-22
French Services Activity Slows More than Initially Thought
The S&P Global France Services PMI fell to 53.9 in June of 2022, from 58.3 in May and compared to a flash estimate of 54.4. The latest reading pointed to the weakest pace of growth in the services sector since the Omicron disruption was at its peak in January. Both activity and new orders rose at much softer rates in June, as economic uncertainty dampened demand. Employment also continued to increase, although at a slightly weaker pace. At the same time, inflationary pressures remained severe, with input costs rising at a record pace. As a result, service providers raised their own selling prices rapidly. Finally, companies remained optimistic on balance that output will rise in line with higher new business amid a post-COVID recovery, but confidence dropped to the lowest since January 2021.
2022-07-05