France’s S&P Global Composite PMI fell to 48.4 in October 2026 from 51.1 in September, largely missing market forecasts of 50.5, flash estimates showed. This marked a return to contraction after September’s rebound, with activity at a four-month low. New orders fell the most since May as domestic and global uncertainty prompted customers to delay projects and curb spending. Export orders also continued to shrink for an eleventh consecutive month. Moreover, employment declined for a sixth straight month as companies reduced headcounts through non-replacement of departing workers and contract non-renewals. On the price front, overall inflationary pressures eased as slower services inflation offset rising manufacturing costs, with supply-chain disruptions driving the sharpest increase in factory selling prices since May. Looking ahead, business confidence deteriorated to its lowest level since April 2020, with firms citing concerns over next year’s elections and public finances. source: S&P Global

Composite PMI in France decreased to 48.40 points in October from 51.10 points in September 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 48.40 points in October from 51.10 points in September of 2026. Composite PMI in France is expected to be 50.50 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 49.30 50.60 points Oct 2026
S&P Global Services PMI 48.40 51.20 points Oct 2026

Related Last Previous Unit Reference
Bankruptcies 5757.00 6018.00 Companies Jul 2026
Business Climate Indicator 97.00 96.00 points Oct 2026
Business Confidence 105.30 101.30 points Oct 2026
Capacity Utilization 76.77 76.41 percent Sep 2026
Car Production 1463991.00 1357701.00 Units Dec 2025
Car Registrations 156629.00 94351.00 Units Sep 2026
Changes in Inventories -2477.00 -2337.00 EUR Million Sep 2026
Composite Leading Indicator 100.66 100.59 points Sep 2026
Electricity Price 134.46 135.76 EUR/MWh Oct 2026
Electricity Production 39941.77 44312.22 Gigawatt-hour Aug 2026
Industrial Production 0.30 -0.60 percent Aug 2026
Industrial Production MoM -0.30 -0.60 percent Aug 2026
Manufacturing Production -0.10 -2.00 percent Aug 2026
Mining Production -5.20 -5.20 percent Aug 2026
New Orders -15.80 -13.80 points Sep 2026
New Car Registrations YoY 11.60 7.40 percent Sep 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 Activity Returns to Contraction
France’s S&P Global Composite PMI fell to 48.4 in October 2026 from 51.1 in September, largely missing market forecasts of 50.5, flash estimates showed. This marked a return to contraction after September’s rebound, with activity at a four-month low. New orders fell the most since May as domestic and global uncertainty prompted customers to delay projects and curb spending. Export orders also continued to shrink for an eleventh consecutive month. Moreover, employment declined for a sixth straight month as companies reduced headcounts through non-replacement of departing workers and contract non-renewals. On the price front, overall inflationary pressures eased as slower services inflation offset rising manufacturing costs, with supply-chain disruptions driving the sharpest increase in factory selling prices since May. Looking ahead, business confidence deteriorated to its lowest level since April 2020, with firms citing concerns over next year’s elections and public finances.
2026-10-23
French Private Sector Activity Rebounds in September
The S&P Global France Composite PMI rose to 51.1 in September 2026 from 48.5 in August but was revised slightly down from a preliminary estimate of 51.2. The reading signalled a return to growth in private-sector activity after contracting for eight consecutive months, largely driven by a rebound in services, where the PMI rose to 51.2 from 48.0 in August, also marking the sector’s first expansion since December 2025. Meanwhile, manufacturing growth slowed, with the PMI falling to 50.6 from 51.1. Output expanded despite weak demand and employment growth. However, new orders and workforce numbers both declined marginally during the month. Business expectations also softened, reflecting weaker sentiment among services firms. At the same time, price pressures intensified amid elevated global oil and gas prices.
2026-10-05
French Private Sector Performs Better than Expected
The S&P Global France Composite PMI rose to 51.2 in September 2026 from 48.5 in August and better than market forecasts of 48.7, flash estimates showed. The data showed the country's private sector returning to expansion at its strongest pace in more than two years, bringing an end to a sustained period of contraction since the start of the year. The upturn was led by a rebound in services, where activity expanded at its fastest pace in seven months. Meanwhile, manufacturing output growth slowed and remained marginal. Demand improved slightly, with new orders rising for the first time in ten months, albeit marginally. Export orders continued to fall, but the decline was the weakest recorded so far this year. Meanwhile, employment decreased modestly and for a fifth straight month. Inflationary pressures intensified, with input and output prices rising at faster rates for the first time since May. Business confidence also deteriorated, reaching its lowest level since May.
2026-09-23