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France EUR

France HCOB Services PMI Flash

Info

History

Chart

Impact:

High

Source: S&P Global

Latest Release:

Date:

Big Surprise:

-3.3

EUR

Actual:

45.7

Forecast: 49

Previous/Revision:

49.2

Period: Nov

Next Release:

Date:

Period: Jan

What Does It Measure?

The HCOB Services PMI Flash measures the economic health of the services sector in France, focusing on business activity, employment, and new orders. This indicator specifically assesses the level of expansion or contraction within the services industry and is a key component of overall economic performance, where a reading above 50 signifies expansion and below indicates contraction.

Frequency

The HCOB Services PMI Flash is released monthly, typically on the first business day of the month, providing a preliminary estimate of the current economic conditions in the services sector.

Why Do Traders Care?

Traders pay close attention to the HCOB Services PMI Flash because it serves as a leading indicator of economic performance, impacting various financial markets. A higher-than-expected PMI reading can lead to bullish sentiments for the euro and equity markets, while lower readings might indicate economic weakness and result in bearish tendencies across currencies and stocks.

What Is It Derived From?

The PMI is derived from a survey of purchasing managers in the services sector, who report on various business metrics such as activity levels and new orders. The index is calculated using a diffusion index approach, which weighs the responses and reflects the percentage of respondents seeing improvement compared to those seeing a decline.

Description

The HCOB Services PMI Flash distinguishes preliminary data from final reports, where the preliminary figures are based on early responses and are subject to revision, while the final figures provide a more accurate representation of the services sector's health. The PMI employs a month-over-month (MoM) reporting method, which allows for immediate assessment of economic changes, although it is essential for traders to interpret these findings alongside historical data to gauge trends effectively.

Additional Notes

As a leading economic indicator, the HCOB Services PMI Flash provides insights into future economic activity, aligning well with other sector-specific PMIs and overall GDP trends. Its fluctuations often precede changes in consumer spending and economic outlook, indicating its vital role in economic analysis.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 16, 2025		51.2
Nov 21, 2025		48.3
Oct 24, 2025		48.4
Sep 23, 2025		49.6
Aug 21, 2025		48.5
Jul 24, 2025		49.6
Jun 23, 2025		49.2
May 22, 2025		47.5
Apr 23, 2025		47.7
Mar 24, 2025		46.3
Feb 21, 2025		48.9
Jan 24, 2025		49.3
Dec 16, 2024		46.7
Nov 22, 2024	45.7	49	49.2	-3.3
Oct 24, 2024	48.3	49.9	49.6	-1.6
Sep 23, 2024	48.3	52.5	55	-4.2
Aug 22, 2024	55	50.3	50.1	4.7
Jul 24, 2024	50.7	49.8	49.6	0.9
Jun 21, 2024	48.8	50	49.3	-1.2
May 23, 2024	49.4	51.7	51.3	-2.3
Apr 23, 2024	50.5	48.9	48.3	1.6
Mar 21, 2024	47.8	48.7	48.4	-0.9
Feb 22, 2024	48	45.6	45.4	2.4
Jan 24, 2024	45	46	45.7	-1
Dec 15, 2023	44.3	46	45.4	-1.7
Nov 23, 2023	45.3	45.6	45.2	-0.3
Oct 24, 2023	46.1	44.6	44.4	1.5
Sep 22, 2023	43.9	46	46	-2.1
Aug 23, 2023	46.7	47.5	47.1	-0.8
Jul 24, 2023	47.4	48.4	48	-1
Jun 23, 2023	48	52	52.5	-4
May 23, 2023	52.8	54.2	54.6	-1.4
Apr 21, 2023	56.3	53.4	53.9	2.9