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.

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France Composite PMI



Related Last Previous Unit Reference
Services PMI 49.20 49.50 points Jan 2023
Manufacturing PMI 50.80 49.20 points Jan 2023
Composite PMI 49.00 49.10 points Jan 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
49.00 49.10 60.30 11.10 2012 - 2023 points Monthly

News Stream
France Private Sector Contracts More than Expected
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.
2023-01-24
French Private Sector Remains Subdued in December
The S&P Global France Composite PMI was revised slightly higher to 49.1 in December of 2022 from a flash estimate of 48 and above 48.7 in the prior month. Still, the latest reading indicated the second consecutive contraction in French private-sector activity since February 2021, led by declines in both the manufacturing (PMI at 49.2 vs 48.9 in November) and services (PMI at 49.5 vs 49.3) sectors. New orders continued to fall for the fifth straight month in December, as subdued demand conditions persisted amid the adverse impact of rising interest rates. Nevertheless, private sector employment continued to rise. In terms of prices, input cost inflation accelerated slightly, although output charges rose at the weakest rate in four months.
2023-01-04
French Private Sector Downturn Deepens
The S&P Global France Composite PMI fell to 48 in December of 2022 from 48.7 in November, below market expectations of 48.9, a flash estimate showed. The latest reading indicated the second consecutive decline in French private-sector activity since February 2021, triggered by a quicker decline in services activity (PMI at 48.1 vs 49.3 in November). Meanwhile, the manufacturing sector (PMI at 48.9 vs 48.3) contracted for the fourth straight month but the rate of decrease slowed. New orders continued to fall for the fifth straight month in December, as subdued demand conditions persisted. The rate of decline in output, albeit moderate, accelerated since November to the sharpest for almost two years. Meanwhile, companies expanded employment for the twenty-fourth month running. On the price front, the rate of input price inflation remained unchanged since November but output price inflation picked up. Lastly, business confidence recovered slightly from a two-year low in November.
2022-12-16