The S&P Global France Composite PMI rose to 47.2 in June 2026 from 44.9 in May, signaling the weakest contraction in private sector activity in three months, although it remained below the 50.0 threshold for a sixth consecutive month. Business activity continued to decline across both the manufacturing and services sectors, but the pace of contraction eased from May's 28-month low. New orders also fell for a sixth straight month, though the decline softened to its slowest rate in three months. Meanwhile, employment edged lower only slightly as manufacturing firms resumed hiring, helping to offset continued job cuts elsewhere. On the price front, cost pressures eased further but remained historically elevated, suggesting that inflationary pressures continued to weigh on businesses even as they moderated from recent peaks. Looking ahead, business confidence rebounded from a one-and-a-half-year low, reflecting improved expectations for future activity despite the ongoing downturn. source: S&P Global

Composite PMI in France increased to 47.20 points in June from 44.90 points in May of 2026. Composite PMI in France averaged 50.09 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 increased to 47.20 points in June from 44.90 points in May of 2026. Composite PMI in France is expected to be 47.00 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 51.20 49.70 points Jun 2026
S&P Global Services PMI 46.80 44.30 points Jun 2026

Related Last Previous Unit Reference
Bankruptcies 6139.00 6147.00 Companies May 2026
Business Climate Indicator 94.00 93.00 points Jun 2026
Business Confidence 100.00 102.00 points Jun 2026
Capacity Utilization 76.78 76.95 percent Jun 2026
Car Production 1463991.00 1357701.00 Units Dec 2025
Car Registrations 188787.00 128484.00 Units Jun 2026
Changes in Inventories 3016.00 -3588.00 EUR Million Mar 2026
Composite Leading Indicator 100.56 100.58 points Jun 2026
Electricity Price 64.88 64.09 EUR/MWh Jul 2026
Electricity Production 44167.16 51326.23 Gigawatt-hour Apr 2026
Industrial Production 3.20 2.90 percent May 2026
Industrial Production MoM -0.10 0.30 percent May 2026
Manufacturing Production 2.50 2.60 percent May 2026
Mining Production 0.70 -0.30 percent May 2026
New Orders -14.30 -13.60 points Jun 2026
New Car Registrations YoY 11.40 3.70 percent Jun 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
France Private Sector Downturn Softens
The S&P Global France Composite PMI rose to 47.2 in June 2026 from 44.9 in May, signaling the weakest contraction in private sector activity in three months, although it remained below the 50.0 threshold for a sixth consecutive month. Business activity continued to decline across both the manufacturing and services sectors, but the pace of contraction eased from May's 28-month low. New orders also fell for a sixth straight month, though the decline softened to its slowest rate in three months. Meanwhile, employment edged lower only slightly as manufacturing firms resumed hiring, helping to offset continued job cuts elsewhere. On the price front, cost pressures eased further but remained historically elevated, suggesting that inflationary pressures continued to weigh on businesses even as they moderated from recent peaks. Looking ahead, business confidence rebounded from a one-and-a-half-year low, reflecting improved expectations for future activity despite the ongoing downturn.
2026-07-03
French Private Sector Downturn Softens in June
The S&P Global France Composite PMI came in at 47.6 in June 2026, up from 44.9 in May and better than market forecasts of 46, flash estimates showed. The data indicated the sixth consecutive month of downturn in the country's private sector, albeit less pronounced than in May. Output continued to decline in both the manufacturing and services sectors during June, but at a softer pace than in the previous month, aided by modest improvements in client activity. In terms of prices, cost pressures moderated for the first time since February, but inflation continued to run well above pre–Middle East conflict levels. Business activity expectations strengthened in June, ending a five-month decline in sentiment, though overall confidence remained weak due to high fuel costs, Middle East tensions, and ongoing uncertainty.
2026-06-23
French Private Sector Activity Contracts the Most Since 2024
The S&P Global France Composite PMI fell to 44.9 in May 2026 from 47.6 in April, marking a 28-month low and signalling the fastest contraction in private sector activity since early 2024. The decline reflected a sharp deterioration in demand conditions, with total new business falling at the steepest pace in a year-and-a-half amid weakening economic momentum. Labour market conditions also worsened, as private sector employment declined at the fastest rate in 15 months. At the same time, inflationary pressures intensified further, with input costs and output charges rising at their fastest rates in 38 and 36 months respectively, driven by persistent cost pressures across manufacturing and services. Looking ahead, business sentiment fell to a one-year low and was only slightly positive, as firms cited inflation and uncertainty from the Middle East conflict. Expectations for future activity continued to weaken, extending a decline in confidence that began earlier in the year.
2026-06-03