The S&P Global France Composite PMI eased to 48.8 in August 2026 from 49.4 in July and worse than market forecasts of 49.5, flash estimates showed. The data signaled the eighth straight month of decline in the country’s private sector, with the pace of contraction quickening from July. The weakness stemmed entirely from services, while manufacturing output rose for the first time since April. Respondents often cited extreme heat as a factor behind lower activity levels and demand. New orders declined at a faster pace, extending the current run of lower sales volumes to nine months. At the same time, export activity deteriorated further. Payroll numbers fell for the fourth month running, reflecting job losses in services. Meanwhile, input cost inflation eased to a five-month low, while output charge inflation was largely unchanged. Business confidence weakened, with optimism falling to its lowest since May amid international and domestic political uncertainty. source: S&P Global

Composite PMI in France decreased to 48.80 points in August from 49.40 points in July of 2026. Composite PMI in France averaged 50.07 points from 2012 until 2026, reaching an all time high of 60.30 points in November of 2017 and a record low of 11.10 points in April of 2020. This page provides the latest reported value for - France Composite PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Composite PMI in France decreased to 48.80 points in August from 49.40 points in July of 2026. Composite 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 Composite PMI is projected to trend around 52.90 points in 2027 and 52.80 points in 2028, according to our econometric models.




Components Last Previous Unit Reference
S&P Global Manufacturing PMI 51.50 49.80 points Aug 2026
S&P Global Services PMI 48.40 49.60 points Aug 2026

Related Last Previous Unit Reference
Bankruptcies 6045.00 6197.00 Companies Jun 2026
Business Climate Indicator 98.00 97.00 points Aug 2026
Business Confidence 103.00 101.00 points Aug 2026
Capacity Utilization 76.69 76.68 percent Jul 2026
Car Production 1463991.00 1357701.00 Units Dec 2025
Car Registrations 126808.00 188787.00 Units Jul 2026
Changes in Inventories -2343.00 3691.00 EUR Million Jun 2026
Composite Leading Indicator 100.56 100.58 points Jun 2026
Electricity Price 69.02 68.39 EUR/MWh Aug 2026
Electricity Production 44167.16 51326.23 Gigawatt-hour Apr 2026
Industrial Production -0.10 3.10 percent Jun 2026
Industrial Production MoM 0.10 -0.10 percent Jun 2026
Manufacturing Production -1.70 2.50 percent Jun 2026
Mining Production -7.00 0.70 percent Jun 2026
New Orders -11.90 -14.30 points Jul 2026
New Car Registrations YoY 9.00 11.40 percent Jul 2026


France Composite PMI
The S&P Global France Composite Output Index, which is a weighted average of the Manufacturing Output Index and the Services Business Activity Index, tracks business trends across private sector activity. The index tracks variables such as sales, new orders, employment, inventories and prices; and 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
French Private Sector Downturn Unexpectedly Quickens
The S&P Global France Composite PMI eased to 48.8 in August 2026 from 49.4 in July and worse than market forecasts of 49.5, flash estimates showed. The data signaled the eighth straight month of decline in the country’s private sector, with the pace of contraction quickening from July. The weakness stemmed entirely from services, while manufacturing output rose for the first time since April. Respondents often cited extreme heat as a factor behind lower activity levels and demand. New orders declined at a faster pace, extending the current run of lower sales volumes to nine months. At the same time, export activity deteriorated further. Payroll numbers fell for the fourth month running, reflecting job losses in services. Meanwhile, input cost inflation eased to a five-month low, while output charge inflation was largely unchanged. Business confidence weakened, with optimism falling to its lowest since May amid international and domestic political uncertainty.
2026-08-21
France Private Sector Contraction Eases in July
The S&P Global France Composite PMI rose to 49.4 in July 2026 from 47.2 in the previous month, and slightly below market expectations of 49.6, signaling the softest contraction in private sector activity in five months, though remaining below the 50.0 threshold for a seventh consecutive month. Demand for French goods and services broadly stabilized, supported by a renewed increase in domestic orders that helped offset a further marked decline in export business. Business activity continued to edge lower but at only a marginal pace, while firms cleared outstanding work more quickly even as employment contracted at a faster rate. Meanwhile, inflationary pressures eased broadly across the private sector, with slower increases in both input costs and output charges. Looking ahead, business confidence improved further, although optimism remained historically subdued amid concerns over the political environment and higher interest rates.
2026-08-05
France Private Sector Hits 5-Month High
France's S&P Global Flash Composite PMI rose to 49.6 in July 2026 from 47.2 in the previous month, signaling the softest contraction since the Middle East conflict began in February. The improvement was driven by the services sector, where activity rose to a seven-month high of 49.8 from 46.8 in June, supported by the first increase in demand since November. In contrast, manufacturing activity fell to 48.8 from 49.1, reflecting softer demand conditions. Meanwhile, private-sector employment fell for a third straight month as firms remained reluctant to hire. In addition, growing spare capacity was evident across France's private sector in July, with backlogs falling for a fourth straight month. On the price front, inflationary pressures eased, with both input costs and output prices rising at slower rates. Lastly, business confidence remained subdued, with the Future Output Index remaining well below its long-term average.
2026-07-24