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 June 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.