The IHS/Markit France Composite PMI was revised higher to 32.1 in May 2020 from a preliminary 30.5 and compared to April’s record low of 11.1. Still, the reading pointed to the third sharpest contraction on record, as many firms remained closed while those that started to reopen faced dire demand conditions. Manufacturing output (PMI at 40.6 vs 31.5 in April) and services activities (PMI at 31.1 vs 10.2 in April) continued to contract, albeit at a softer pace. New orders dropped sharply for the third consecutive month, still the rate of decline was slower than April's survey record. The job shedding rate eased from an all-time low in April, but remained sharp overall. Lastly, business remained pessimistic towards the one-year outlook for activity, still the degree of negativity eased.

Composite Pmi in France averaged 50.15 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 June of 2020. source: Markit Economics

Composite Pmi in France is expected to be 42.00 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 51.10 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
32.10 11.10 60.30 11.10 2012 - 2020 points Monthly


News Stream
France Composite PMI Revised Higher in May
The IHS/Markit France Composite PMI was revised higher to 32.1 in May 2020 from a preliminary 30.5 and compared to April’s record low of 11.1. Still, the reading pointed to the third sharpest contraction on record, as many firms remained closed while those that started to reopen faced dire demand conditions. Manufacturing output (PMI at 40.6 vs 31.5 in April) and services activities (PMI at 31.1 vs 10.2 in April) continued to contract, albeit at a softer pace. New orders dropped sharply for the third consecutive month, still the rate of decline was slower than April's survey record. The job shedding rate eased from an all-time low in April, but remained sharp overall. Lastly, business remained pessimistic towards the one-year outlook for activity, still the degree of negativity eased.
2020-06-03
French Private Sector Activity Shrinks at Slower Pace
The IHS/Markit France Composite PMI increased to 30.5 in May of 2020 from a record low of 11.1 in April and compared to market expectations of 32. Still, the reading pointed to a big contraction in private sector activity as restrictions designed to stem the spread of COVID-19 continued to weigh on the economy. However, the rate of reduction in activity eased noticeably from April’s unprecedented contraction as some firms began to reopen. Both manufacturing (40.3 from 31.5) and services (29.4 from 10.2) bounced from record lows. Output and employment decreased at softer paces and international demand continued to tumble in May, with new export orders falling for the fifth month in succession. The rate of workforce contraction was weaker than in April, but remained historically marked. Finally, French businesses remained pessimistic towards the 12-month business outlook, driven by expectations of a prolonged global economic slowdown.
2020-05-21
French Private Sector Activity Revised Down to New Record Low
The IHS Markit France Composite PMI was revised slightly lower to 11.1 in April 2020 from a preliminary 11.2 and compared with March’s 28.9. The latest reading pointed the sharpest contraction in private sector activity since series began, as both manufacturing output (PMI at 31.5 vs 43.2 in March) and services activities (PMI at 10.2 vs 27.4 in March) contracted at a record pace, amid widespread business closures due to the coronavirus pandemic. New orders dropped to an all-time low as export sales fell at the fastest pace on record. Lastly, sentiment towards the 12-month business outlook weakened to a new series low.
2020-05-06
French Composite PMI Slumps to All-time Low
The IHS Markit France Composite PMI tumbled to a new all-time low of 11.2 in April of 2020 from 28.9 in the previous month and well below market consensus of 26, a preliminary estimate showed. Both, manufacturing output and the service activity contracted by the most since the series began in May, amid widespread business closures due to the coronavirus outbreak.
2020-04-23

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.