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France Services Purchasing Managers Index (PMI)

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France Services Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Dec 05, 2017
Actual
60.4
Forecast
60.2
Previous
60.2
The French Services Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the services sector.

The report is based on surveys of over 300 business executives in private sector services companies.

Data is usually released on the third working day of each month.Each response is weighted according to the size of the company and its contribution to total manufacturing or services output accounted for by the sub-sector to which that company belongs.

Replies from larger companies have a greater impact on the final index numbers than those from small companies. Results are presented by question asked, showing the percentage of respondents reporting an improvement, deterioration or no change since the previous month.From these percentages, an index is derived: a level of 50.0 signals no change since the previous month, above 50.0 signals an increase (or improvement), below 50.0 a decrease (or contraction).

Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR , while a lower than expected reading should be taken as negative/bearish for the EUR.
Importance:
Country:
Currency: EUR
Source: Markit Economics
France Services Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Dec 14, 2017 (Dec) 03:00     59.9 60.4
Dec 05, 2017 (Nov) 03:50 60.4 60.2 60.2
Nov 23, 2017 (Nov) 03:00   60.2 57.0 57.3
Nov 06, 2017 (Oct) 03:50 57.3 57.4 57.4
Oct 24, 2017 (Oct) 02:00   57.4 56.9 57.0
Oct 04, 2017 (Sep) 02:50 57.0 57.1 57.1

News

Stocks - European Markets Open Lower With PMI Data in Focus
Stocks - European Markets Open Lower With PMI Data in Focus By Investing.com - Nov 23, 2017

Investing.com - European markets opened lower on Thursday, as investors focused on the release of euro zone manufacturing and service sector activity data due later in the trading session. The EURO ...

French Private Sector Output Accelerates in November
French Private Sector Output Accelerates in November By Investing.com - Nov 23, 2017

Investing.com - Growth in the French private sector accelerated in November, bolstering the economic outlook for the euro zone’s second largest economy according to data released on ...

French Private Sector Output Rises in October
French Private Sector Output Rises in October By Investing.com - Oct 24, 2017

Investing.com - French private sector activity rose more than expected in October, boosting the economic outlook of the euro zone’s second largest economy according to data released on ...

Analysis

Kenny Fisher
CAC Slips On Brexit Worries By Kenny Fisher - Dec 05, 2017

The CAC has started the week with strong gains. In the Monday session, the CAC is at 5355.80, down 0.64% on the day. On the release front, French Final Services PMI improved to 60.4, above the ...

Kenny Fisher
CAC Higher On Sharp French PMIs By Kenny Fisher - Nov 23, 2017

The CAC continues to gain ground this week. Currently, the CAC is at 5386.15 up 0.62% on the day. On the release front, French numbers were sharp. Manufacturing PMI improved to 57.5, and Services PMI ...

French Services PMI Discussion

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