The S&P Global France Composite PMI fell to 52.8 in June of 2022, from 57 in May and missing market expectations of 56, a flash estimate showed. The latest reading pointed to the slowest expansion in the country's private sector since January, 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. A notable slowdown in manufacturing growth to a 19-month low (PMI at 51 vs 54.6 in May) weighed on the overall performance of the French economy, while the expansion in the services sector was the softest in five months (PMI at 54.4 vs 58.3). Output, new orders and employment slowed. On the price front, strong inflationary pressures persisted, although inflation rates cooled slightly since May. Meanwhile, business confidence dropped to a 19-month low, amid concerns surrounding high inflation, as well as expectations of weakening economic conditions. source: Markit Economics

Composite PMI in France averaged 50.71 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 July of 2022.

Composite PMI in France is expected to be 56.40 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 54.40 58.30 points Jun 2022
Manufacturing PMI 51.00 54.60 points Jun 2022
Composite PMI 52.80 57.00 points Jun 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
52.80 57.00 60.30 11.10 2012 - 2022 points Monthly

News Stream
French Private Sector Growth Weaker than Expected
The S&P Global France Composite PMI fell to 52.8 in June of 2022, from 57 in May and missing market expectations of 56, a flash estimate showed. The latest reading pointed to the slowest expansion in the country's private sector since January, 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. A notable slowdown in manufacturing growth to a 19-month low (PMI at 51 vs 54.6 in May) weighed on the overall performance of the French economy, while the expansion in the services sector was the softest in five months (PMI at 54.4 vs 58.3). Output, new orders and employment slowed. On the price front, strong inflationary pressures persisted, although inflation rates cooled slightly since May. Meanwhile, business confidence dropped to a 19-month low, amid concerns surrounding high inflation, as well as expectations of weakening economic conditions.
2022-06-23
French Composite PMI Revised Slightly Down
The S&P Global France Composite PMI fell to 57 in May of 2022 from April's 51-month high of 57.6 and slightly below a flash estimate of 57.1. Still, the latest reading pointed to the 14th consecutive month of expansion in the country's private sector and at a solid pace, amid sustained growth in services (PMI at 58.3 vs 58.9 in April), while manufacturing activity weakened to a seven-month low (PMI at 54.6 vs 55.7). Overall new order growth slowed to a four-month low, mainly weighed down by weaker demand at manufacturers. At the same time, employment growth quickened to a four-and-a-half-year high, while the rate of backlog accumulation slowed. On the price front, a near-record surge in input costs was accompanied by a new survey peak in output price inflation.
2022-06-03
French Private Sector PMI Above Estimates
The S&P Global France Composite PMI came in at 57.1 in May of 2022, nudging only slightly lower from April's 51-month high of 57.6 and above market expectations of 57, a flash estimate showed. The latest reading pointed to the 14th consecutive month of expansion in the country's private sector, amid sustained growth in services (PMI at 58.4 vs 58.9 in April), while manufacturing activity weakened to a seven-month low (PMI at 54.5 vs 55.7). Business activity and new orders continued to grow solidly although at a slightly slower pace. Meanwhile, French employment levels rose at the fastest pace since March 2001. On the price front, price pressures once again intensified in May, with rates of input cost and output price inflation accelerating to fresh record highs. Looking forward, business sentiment was positive but eased slightly amid concerns over the war in Ukraine and inflationary pressures.
2022-05-24