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.