The IHS Markit France Composite PMI declined to 45.2 in February of 2021 from 47.7 in the previous month and below market expectations of 47.5, a flash estimate showed. The latest reading pointed to a sixth straight contraction in private sector activity and the steepest since November, as ongoing coronavirus restrictions continued to hit business activity. Service providers posted another sharp decline (PMI at 43.6 vs 47.3 in January) while manufacturing growth hit a three-year high (PMI at 55 vs 51.6). Although new orders continued to fall sharply, French businesses increased their staff numbers for a second straight month. As a result, backlogs of work fell faster. On the price front, input prices continued to increase at a marked pace, amid reports of widespread shortages of inputs. source: Markit Economics
Composite PMI in France averaged 50.04 points from 2012 until 2021, 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 February of 2021.
Composite PMI in France is expected to be 51.10 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 52.90 in 12 months time. In the long-term, the France Composite PMI is projected to trend around 52.90 points in 2022 and 54.20 points in 2023, according to our econometric models.