The IHS Markit France Composite PMI was revised higher to 40.6 in November 2020 from a preliminary 39.9 and compared to October's 47.5. The latest reading pointed to a third straight contraction in private sector activity and the steepest since May due to a fresh round of COVID-19 lockdown restrictions. New orders declined sharply for both services and manufacturing companies. Meantime, the job shedding rate slowed to a nine-month low with manufacturers registering a softer decline than their services counterparts. Finally, sentiment was positive but remained historically subdued. source: Markit Economics

Composite PMI in France averaged 50.11 points from 2012 until 2020, 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 December of 2020.

Composite PMI in France is expected to be 45.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Composite PMI in France to stand at 52.80 in 12 months time. In the long-term, the France Composite PMI is projected to trend around 52.90 points in 2021 and 54.20 points in 2022, according to our econometric models.

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France Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
40.60 47.50 60.30 11.10 2012 - 2020 points Monthly


News Stream
French Private Sector Shrinks for 3rd Month
The IHS Markit France Composite PMI was revised higher to 40.6 in November 2020 from a preliminary 39.9 and compared to October's 47.5. The latest reading pointed to a third straight contraction in private sector activity and the steepest since May due to a fresh round of COVID-19 lockdown restrictions. New orders declined sharply for both services and manufacturing companies. Meantime, the job shedding rate slowed to a nine-month low with manufacturers registering a softer decline than their services counterparts. Finally, sentiment was positive but remained historically subdued.
2020-12-03
French Private Sector Activity Contracts Less than Expected
The IHS Markit France Composite PMI fell to 39.9 in November of 2020 from 47.5 in October but above market expectations of 34, a flash estimate showed. The latest reading pointed to a third straight contraction in private sector activity and the steepest since May due to the reimposition of severe restrictions to contain rising coronavirus infections. Output and new orders fell markedly with the pace of decline accelerating to the fastest for six months. Also, export sales continue to decrease, extending the current sequence of decline seen throughout 2020 so far. Employment also fell but the rate of decline was the softest in eight months and modest overall. On the price front, input cost inflation eased for the third month running to the softest since June while output charges fell for the third month ad at the quickest pace in six months. Lastly, sentiment remained positive, strengthening fractionally from October’s five-month low, on hopes of a Covid-19 vaccine soon.
2020-11-23
French Private Sector Shrinks Less than Initially Thought
The IHS Markit France Composite PMI was revised higher to 47.5 in October 2020 from a preliminary 47.3 and compared to September’s 48.5. The reading pointed to the second successive contraction in private sector activity and the sharpest since May amid a surge of coronavirus infections in several cities that led to impose fresh restrictions. New orders declined sharply amid a sharp decline at services companies, which more than offset a quicker increase at manufacturers. Meantime, the job shedding rate slowed to an eight-month low with both manufacturers and service providers registered softer declines in employment compared to September. Finally, sentiment weakened to its lowest level in five months amid weaker expectations in the services sector.
2020-11-04
French Private Sector Activity Contracts More than Expected
The IHS Markit France Composite PMI declined to 47.3 in October 2020 from 48.5 in the previous month and below market forecast of 48, a preliminary reading showed. The latest reading pointed to second straight contraction in private sector activity amid a surge of coronavirus infections in several cities that led to impose curfews. Output shrank at the fastest pace in five months, new orders declined for the second successive month and at the sharpest rate since May. Also, export sales continued to drop, extending the current sequence of decline seen throughout 2020 so far. At the same time, companies continued to cut their staff numbers in line with softer demand conditions. On the price front, input cost inflation slowed for the second consecutive month while output charges dropped for the second month. Lastly, sentiment positive, still the degree of optimism softened.
2020-10-23

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.