The IHS Markit France Composite PMI dropped to 48.5 in September from 51.6 in August, in line with a preliminary estimate. The latest reading pointed to the first contraction in private sector activity in four months, as the country battles a resurgence of coronavirus infections. The services sector fell back into contraction territory (PMI at 47.5 vs 51.5 in August), while manufacturing output returned to growth (PMI at 51.2 vs 49.8 in August). New orders decreased for the first time since June and employment declined for the seventh consecutive month. Finally, firms were optimistic towards the 12-month business outlook, with both sub-sectors recording stronger sentiment than in August.
Composite Pmi in France averaged 50.23 points from 2012 until 2020, 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. France Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Markit Economics
Composite Pmi in France is expected to be 49.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite Pmi in France to stand at 52.80 in 12 months time. In the long-term, the France Composite PMI is projected to trend around 52.90 points in 2021 and 54.20 points in 2022, according to our econometric models.