The S&P Global France Composite PMI was unrevised at 47.6 in April 2026, down from 48.8 in March, indicating a fourth consecutive month of contraction in France’s private sector and the sharpest downturn since February 2025. Services led April’s contraction, with a sharper decline, while manufacturing activity rebounded. Private sector output shrank amid the quickest fall in new orders since April 2025. Meanwhile, employment grew, reflecting service sector hiring. Input price inflation accelerated to a three-year high, with a marked rise in factory-gate prices pushing output inflation to its strongest level in 20 months. source: S&P Global

Composite PMI in France decreased to 47.60 points in April from 48.80 points in March of 2026. Composite PMI in France averaged 50.13 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 47.60 points in April from 48.80 points in March of 2026. Composite PMI in France is expected to be 46.00 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 52.80 50.00 points Apr 2026
S&P Global Services PMI 46.50 48.80 points Apr 2026

Related Last Previous Unit Reference
Bankruptcies 5972.00 6175.00 Companies Mar 2026
Business Climate Indicator 94.00 97.00 points Apr 2026
Business Confidence 100.20 99.40 points Apr 2026
Capacity Utilization 76.95 76.89 percent Apr 2026
Car Production 910243.00 1505076.00 Units Dec 2024
Car Registrations 138339.00 173634.00 Units Apr 2026
Changes in Inventories 148.00 -5334.00 EUR Million Mar 2026
Composite Leading Indicator 100.79 100.83 points Apr 2026
Electricity Price 55.40 55.75 EUR/MWh May 2026
Electricity Production 50281.86 57912.86 Gigawatt-hour Feb 2026
Industrial Production 0.90 -0.30 percent Mar 2026
Industrial Production MoM 1.00 -0.90 percent Mar 2026
Manufacturing Production 1.60 0.70 percent Mar 2026
Mining Production -5.70 -7.70 percent Mar 2026
New Orders -16.20 -18.20 points Apr 2026
New Car Registrations YoY -0.30 12.90 percent Apr 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
French Private Sector Contracts the Most in Over a Year
The S&P Global France Composite PMI was unrevised at 47.6 in April 2026, down from 48.8 in March, indicating a fourth consecutive month of contraction in France’s private sector and the sharpest downturn since February 2025. Services led April’s contraction, with a sharper decline, while manufacturing activity rebounded. Private sector output shrank amid the quickest fall in new orders since April 2025. Meanwhile, employment grew, reflecting service sector hiring. Input price inflation accelerated to a three-year high, with a marked rise in factory-gate prices pushing output inflation to its strongest level in 20 months.
2026-05-06
French Private Sector Contraction Deepens
The S&P Global France Composite PMI fell to 47.6 in April 2026 from 48.8 in March, undershooting market expectations of 48.6, according to flash estimates. The latest reading signals a fourth consecutive month of contraction in France’s private sector and the sharpest downturn since February 2025. The decline was driven by a marked weakening in services activity, with the PMI dropping to 46.5 from 48.8, while manufacturing provided a bright spot, with output rebounding and posting its strongest growth in over four years. Meanwhile, private sector employment grew, led by services, though the increase was only marginal. Cost pressures continued to build, with input price inflation accelerating to a three-year high. Pass-through remained contained, though output price inflation still accelerated to its fastest since August 2024. Business confidence fell to its joint-lowest level since July 2025, as higher uncertainty and customer caution dampened sentiment.
2026-04-23
France Composite PMI Revised Higher
The S&P Global France Composite PMI came in at 48.8 in March, revised higher from the preliminary 48.3 but down from 49.9 in February, signaling the fastest contraction in private sector activity since October. The decline was driven by a sharper fall in new orders, pointing to continued weakness in demand across the economy. While output prices continued to rise, the pace of increase remained subdued and historically weak, reflecting limited pricing power among firms. Meanwhile, cost pressures intensified, with input prices across the private sector rising at the fastest rate since November 2023, largely driven by a notable pickup in inflation within the manufacturing sector.
2026-04-07