The IHS Markit France Composite PMI decreased to 48.5 in September 2020 from 51.6 in the previous month and missing market expectations of 51.9, a flash estimate showed. The reading pointed to the first contraction in private sector activity in four months, as the country battles a resurgence of coronavirus infections. Output and new orders declined and export sales dropped for the ninth consecutive month albeit at the slowest pace since January. Also, employment fell as some services providers were hesitant to hire additional staff due to fears of a second prolonged lockdown period. On the price front, input cost inflation eased from August’s seven-month high due to higher prices of raw materials while output charges decreased to a four-month low. Larly, sentiment improved lifted by hopes of better demand conditions as the world continues to adapt to the challenges created by the pandemic.
Composite Pmi in France averaged 50.25 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 September of 2020. source: Markit Economics
Composite Pmi in France is expected to be 51.70 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 53.50 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.