The HCOB France Services PMI dropped to 48.9 in January 2025, down from 49.3 in December 2024 and falling short of market expectations of 49.3, according to preliminary estimates. This marked the fifth consecutive month of contraction, driven primarily by subdued demand. New orders declined for the eighth consecutive month, although at the slowest pace since August 2024, with some citing a pickup in client interest and improving market conditions that helped moderate the overall downturn. Job cuts in the services sector intensified, largely due to the expiration of temporary contracts and the non-replacement of voluntary departures. On the cost front, input prices rose at the fastest pace since August 2024, primarily due to higher salary expenses. However, services firms reduced their selling prices for the first time since February 2021, influenced by competitive pressures, falling interest rates, and cheaper material costs. source: S&P Global

Services PMI in France decreased to 48.90 points in January from 49.30 points in December of 2024. Services PMI in France averaged 51.19 points from 2008 until 2025, 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.

Services PMI in France decreased to 48.90 points in January from 49.30 points in December of 2024. Services PMI in France is expected to be 50.00 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 54.00 points in 2026, according to our econometric models.




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Bankruptcies 5942.00 5700.00 Companies Nov 2024
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Capacity Utilization 73.88 74.59 percent Dec 2024
Car Production 1505076.00 1383173.00 Units Dec 2023
Car Registrations 183662.00 133320.00 Units Dec 2024
Changes in Inventories -2401.00 -3986.00 EUR Million Sep 2024
Composite Leading Indicator 99.63 99.54 points Dec 2024
Corruption Index 71.00 72.00 Points Dec 2023
Corruption Rank 20.00 21.00 Dec 2023
Electricity Price 66.90 67.70 EUR/MWh Jan 2025
Electricity Production 47993.16 43373.33 Gigawatt-hour Nov 2024
Industrial Production -1.13 -0.85 percent Nov 2024
Industrial Production MoM 0.20 -0.30 percent Nov 2024
Manufacturing Production -1.50 -1.70 percent Nov 2024
Mining Production 0.89 -8.43 percent Nov 2024
Natural Gas Stocks Capacity 134.50 134.50 TWh Jan 2025
Natural Gas Stocks Injection 67.21 21.51 GWh/d Jan 2025
Natural Gas Stocks Inventory 55.31 56.11 TWh Jan 2025
Natural Gas Stocks Withdrawal 978.60 1242.00 GWh/d Jan 2025
New Orders -18.40 -21.10 points Dec 2024
New Car Registrations YoY 1.50 -12.70 percent Dec 2024

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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
France Services PMI Shrinks More than Expected
The HCOB France Services PMI dropped to 48.9 in January 2025, down from 49.3 in December 2024 and falling short of market expectations of 49.3, according to preliminary estimates. This marked the fifth consecutive month of contraction, driven primarily by subdued demand. New orders declined for the eighth consecutive month, although at the slowest pace since August 2024, with some citing a pickup in client interest and improving market conditions that helped moderate the overall downturn. Job cuts in the services sector intensified, largely due to the expiration of temporary contracts and the non-replacement of voluntary departures. On the cost front, input prices rose at the fastest pace since August 2024, primarily due to higher salary expenses. However, services firms reduced their selling prices for the first time since February 2021, influenced by competitive pressures, falling interest rates, and cheaper material costs.
2025-01-24
France Services Sector Shrinks Less Than Initial Estimates
The HCOB France Services PMI rose to 49.3 in December 2024, revising higher than the initial estimates of 48.2 and compared to 46.9 in the previous month. This improvement was mainly driven by softer contractions in both output and new orders, with the latter experiencing its mildest decline since last September. Meanwhile, workforce numbers fell for the first time in four years, though the reduction was only marginal. Some firms reported redundancies, while others cited non-renewal of temporary contracts or refraining from replacing departing employees. On the price front, inflationary pressures eased, as both input costs and output charges increased at slower rates, with both measures falling below their long-term averages. Looking ahead, business optimism rebounded from the four-and-a-half-year low recorded in the previous month, though it remained historically subdued.
2025-01-06
France Services Sector Faces Ongoing Strain
The HCOB France Services PMI rose to 48.2 in December 2024, up from 46.9 in November and better than the market expectations of 46.7, preliminary estimates showed. Still, this marked the fourth consecutive month of downturn, though the pace of contraction eased compared to November. Services companies continued to indicate lower sales, amid weak demand conditions, further exacerbated by political instability. Additionally, employment decreased, with the first layoffs by French service providers in nearly four years being particularly alarming. On the price front, firms reported slower increases in input prices, with the overall pace of inflation staying below its historical average, while selling prices were broadly unchanged on the month.
2024-12-16