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.

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France Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.50 51.60 60.30 11.10 2012 - 2020 points Monthly


News Stream
France Composite PMI Unrevised in September
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.
2020-10-05
French Private Sector Activity Unexpectedly Shrinks in September
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.
2020-09-23
France Composite PMI Revised Slightly Lower
The IHS Markit France Composite PMI was revised lower to 51.6 in August of 2020 from a preliminary of 51.7 and 57.3 in July. Still, it pointed to the third straight month of expansion in private sector activity as the economy recovers from the coronavirus pandemic. Manufacturing stalled (49.8 vs 52.4) and services growth slowed (51.5 from 57.3). In line with the trend for activity, aggregate new order growth also eased in August and remaining new business growth was centred on the domestic market, with international sales continuing to decline markedly. Amid softer inflows of new work, French private sector firms continued to cut staff numbers. Moreover, the rate of workforce contraction accelerated from July and was sharp overall. Finally, firms were still optimistic towards the 12-month outlook for activity, although sentiment sank to a three-month low, with some panellists still hesitant due to uncertainty surrounding the duration of the pandemic.
2020-09-03
France Private Sector Growth Eases More than Expected
The IHS Markit France Composite PMI decreased to 51.7 in August of 2020 after hitting a two-and-a-half-year high of 57.3 in July, missing market expectations of 57.2, a preliminary estimate showed. Manufacturing output unexpectedly contracted (PMI at 49 vs 52.4 in July) while services activity growth slowed (PMI at 51.9 vs 57.3 in July). New orders advanced at a softer pace as exports continued to decline for the eighth month in a row. Also, employment shrank for the sixth month running and at a faster pace, amid a renewed fall in backlogs of work. On the price front, both input costs and output charges went up, mainly due to higher prices for hygiene products and air freight. Looking forward, sentiment towards the 12-month business outlook eased from July’s five-month high and was weaker than the historical average, as firms remained cautious on further Covid-19 outbreaks.
2020-08-21

France Composite PMI
In France, the Markit France Composite Output Index tracks business trends across private sector activity, based on data collected from a representative panel of around 800 companies. The index tracks variables such as sales, new orders, employment, inventories and prices. A reading above 50 indicates expansion in business activity and below 50 indicates that it is generally declining.