France Composite PMI2021 Data | 2022 Forecast | 2012-2020 Historical | Calendar

The IHS Markit France Composite PMI rose to 56.3 in November of 2021 from 54.7 in October and above market expectations of 53.6, a preliminary estimate showed. The latest reading pointed to the strongest expansion in private sector activity since July, ending a four-month period of slowing growth. The service sector drove the overall expansion (PMI at 58.2 vs 56.6 in October), although manufacturing activity grew slightly faster (PMI at 54.6 vs 53.6). Private sector new business increased for the ninth consecutive month and overall new export order growth picked up to a three-month high. Jobs growth also remained well above its historical average. Meanwhile, supply-chain disruptions persisted and continued to exert substantial upward pressure on prices. Overall output charges increased at the steepest rate in ten-and-a-half years as input cost inflation held close to October’s 17-year peak.

The IHS Markit France Composite PMI edged down to 54.7 in October of 2021 from 55.3 in the prior month and was in line with preliminary estimates. It was the fourth successive slowdown in the country's private sector and the softest expansion in six months. While activity in the services grew at a strong and accelerated pace, and underpinned broad growth across the economy, the manufacturing sector registered a renewed drop in production amid intense supply chain disruptions. New orders grew at an accelerated rate, mostly at services firms, although goods producers registered the first reduction in sales since last December. Employment growth accelerated to the strongest since November 2017, with hiring activity particularly marked at services firms. Lastly, cost pressures picked up, as input prices rose at the fastest pace for 17 years. As a result, output price inflation edged slightly lower but remained sharp overall.

The IHS Markit France Composite PMI dropped to 54.7 in October of 2021 from 55.3 in the previous month and in line with market expectations, a preliminary estimate showed. The latest reading pointed to the softest expansion in private sector activity since April, as supply shortages hit goods producers. Despite weakening, the headline figure was still indicative of a solid rate of economic growth, but was solely driven by the service sector as manufacturing output declined at the sharpest rate since May 2020 when stringent virus-related restrictions on activity in place. Inflationary pressures grew stronger, with the overall rate of input cost inflation hit a 17-year high output charges rising for an eighth successive month. Lastly, output expectations strengthened during October to reach their most optimistic in four months.