The IHS Markit France Composite PMI edged down to 55.9 in August of 2021 from 56.6 in July and in line with preliminary estimates. The latest reading pointed to the softest expansion in private sector activity since April, amid ongoing supply issues and COVID-19 health protocols, with output growth slowing in both the goods producing and the tertiary sector. Overall, new orders also eased, however, demand for services outpaced demand for goods domestically, whereas exports rose faster in the manufacturing sector. Meanwhile, employment grew at the sharpest pace in almost three years, as companies responded to growing backlogs of work. On the price front, inflationary pressures eased marginally but were still notable. Looking forward, business confidence eased to a seven-month low, mostly weighed down by manufacturers. source: Markit Economics
Composite PMI in France averaged 50.30 points from 2012 until 2021, 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 2021.
Composite PMI in France is expected to be 55.80 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 54.60 points in 2022 and 54.20 points in 2023, according to our econometric models.