The S&P Global France Composite PMI came in at 49 in January of 2023, little changed from 49.1 in December, below market expectations of 49.5, a flash estimate showed. The latest reading signaled a third successive month of falling business activity across France’s private sector economy, as a sustained weakening across the service sector (PMI at 49.2 vs 49.5 in December) weighed. On the other hand, manufacturing activity returned to growth after five straight months of contraction (PMI at 50.8 vs 49.2). Overall new orders fell for the sixth month in a row in January, attributed to rising interest rates and the high inflationary environment. Meanwhile, employment increased for the fifth month running, with the rate of job creation even accelerating. On the price front, input cost inflation rising at the slowest pace since February 2022. However, selling price inflation picked up to a three-month high in January. Lastly, there was an uplift in business confidence to a six-month high. source: Markit Economics
Composite PMI in France averaged 50.67 points from 2012 until 2023, 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 January of 2023.