The S&P Global France Composite PMI fell to 51.7 in July of 2022 from 52.5 in the prior month, compared to a flash estimate of 50.6. The latest reading pointed to the slowest growth in the country’s private sector activity since April 2021, with growth in the service sector slowing to a six-month low (53.2 vs. 53.9 in June), somehow offsetting the first contraction in the manufacturing industry since November 2020 (49.6 vs. 51.4). source: Markit Economics

Composite PMI in France averaged 50.72 points from 2012 until 2022, 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 August of 2022.

Composite PMI in France is expected to be 54.40 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 2023 and 54.20 points in 2024, according to our econometric models.

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France Composite PMI



Related Last Previous Unit Reference
Services PMI 53.20 53.90 points Jul 2022
Manufacturing PMI 49.50 51.40 points Jul 2022
Composite PMI 51.70 52.50 points Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.70 52.50 60.30 11.10 2012 - 2022 points Monthly

News Stream
French Private Sector Growth Slows Further in July
The S&P Global France Composite PMI fell to 51.7 in July of 2022 from 52.5 in the prior month, compared to a flash estimate of 50.6. The latest reading pointed to the slowest growth in the country’s private sector activity since April 2021, with growth in the service sector slowing to a six-month low (53.2 vs. 53.9 in June), somehow offsetting the first contraction in the manufacturing industry since November 2020 (49.6 vs. 51.4).
2022-08-03
French Private Sector Growth Weaker than Expected
The S&P Global France Composite PMI fell to 50.6 in July of 2022 from 52.5 in the prior month, largely missing market expectations 51.8 and barely remaining in the expansionary territory. The latest reading pointed to the slowest growth in the country’s private sector activity since March 2021, as weakening demand conditions led to the first decline in aggregate new business since February 2021. Growth in service sector slowed to a 15-month low (50.6 vs 52.1 in June), offsetting the first contraction in the manufacturing sector since November 2020 (49.6 vs 51.4). Output declined for goods producers, falling to its lowest level in 26 months, while output slowed further for service providers. Still, hiring activity remained solid, supported by the services sector. On the price front, inflationary pressures fell to five-month low but remained relatively close to record highs. Looking forward, output expectations rebounded slightly from the 19-month low hit in May.
2022-07-22
French Composite PMI Revised Slightly Down
The S&P Global France Composite PMI fell to 52.5 in June of 2022 from 57 in May and slightly below a flash estimate of 52.8. The latest reading pointed to the slowest expansion in the country's private sector in 14 months, as softer demand and persistent supply-side issues weighed on growth, alongside heightened uncertainty due to political developments in France and the ongoing war in Ukraine. Manufacturing production decreased for the first time since last October, while services activity continued to rise, but the rate of expansion eased to the weakest since January. Total new orders also slowed, while new export orders fell sharply, with declines seen across both monitored sectors. More positively, employment continued to rise markedly. On the price front, rates of input cost and output price inflation remained elevated, with service providers actually posting a fresh record rise in input prices. Lastly, business confidence dropped to a 19-month low.
2022-07-05