The IHS Markit France Composite PMI rose to 57 in May of 2021 from 51.6 in the prior month and was in line with preliminary estimates. The latest reading pointed to the strongest expansion in private sector activity since July of 2020, as lockdown restrictions were eased and the economy began to reopen. The service sector drove the overall acceleration in growth (PMI at 56.6 vs 50.3 in April), although manufacturing continued to register comparatively faster rates of expansion (PMI at 59.2 vs 58.9). New work expanded at the fastest rate in over three years, mainly on a strong improvement in domestic demand, which was reflected in higher output. Meanwhile, employment rose at the slowest rate in four months, while backlogs increased at the strongest pace in over three years. On the price front, input cost inflation remained sharp, while output prices rose the most in almost a decade. source: Markit Economics

Composite PMI in France averaged 50.13 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 June of 2021.

Composite PMI in France is expected to be 53.50 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 53.80 in 12 months time. In the long-term, the France Composite PMI is projected to trend around 54.60 points in 2022 and 54.20 points in 2023, according to our econometric models.

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France Composite PMI

Actual Previous Highest Lowest Dates Unit Frequency
57.00 51.60 60.30 11.10 2012 - 2021 points Monthly


News Stream
French Private Sector Growth at 10-Month High
The IHS Markit France Composite PMI rose to 57 in May of 2021 from 51.6 in the prior month and was in line with preliminary estimates. The latest reading pointed to the strongest expansion in private sector activity since July of 2020, as lockdown restrictions were eased and the economy began to reopen. The service sector drove the overall acceleration in growth (PMI at 56.6 vs 50.3 in April), although manufacturing continued to register comparatively faster rates of expansion (PMI at 59.2 vs 58.9). New work expanded at the fastest rate in over three years, mainly on a strong improvement in domestic demand, which was reflected in higher output. Meanwhile, employment rose at the slowest rate in four months, while backlogs increased at the strongest pace in over three years. On the price front, input cost inflation remained sharp, while output prices rose the most in almost a decade.
2021-06-03
French Private Sector Grows the Most in 10 Months
The IHS Markit France Composite PMI rose to 57 in May of 2021 from 51.6 in the previous month and beating market expectations of 53.7, a flash estimate showed. The latest reading pointed to the strongest expansion in private sector activity since July of 2020, as lockdown restrictions were eased and the economy began to reopen. The service sector drove the overall acceleration in growth (PMI at 56.6 vs 50.3 in April), although manufacturing continued to register comparatively faster rates of expansion (PMI at 59.2 vs 58.9). New work expanded at the fastest rate in over three years, signalling a strong improvement in demand, which was reflected in higher output. Meanwhile, employment rose at the slowest rate in four months, while backlogs increased at the strongest pace in over three years. In terms of prices, inflationary pressures persisted amid supply shortages and increasing demand. Looking forward, business sentiment was the strongest since the series began in 2012.
2021-05-21
French Private Sector Expands for 1st Time in 8 Months
The IHS Markit France Composite PMI was revised slightly lower to 51.6 in April of 2021 from a preliminary estimate of 51.7 and compared with March's 50. The latest reading pointed to the first expansion in private sector activity for eight months, following a period of subdued performance amid COVID-19 restrictions. Manufacturing growth held near record levels (PMI at 58.9 vs 59.3 in March) and services activity posted a slight fresh increase (PMI at 50.3 vs 48.2). New business increased for the second month running, with the rate of growth accelerating to the quickest since July 2020. Also, employment rose for the fourth straight month, although the rate of growth eased. Looking forward, optimism towards the 12-month business outlook was the strongest since February 2018.
2021-05-05
French Private Sector Growth at 9-Month High
The IHS Markit France Composite PMI rose to 51.7 in April of 2021 from 50 in the previous month and beating market expectations of 48.8, a flash estimate showed. The latest reading pointed to a modest pace of expansion in the private sector but the fastest since July of 2020, following a period of subdued performance amid COVID-19 restrictions. Manufacturing growth held near record levels (PMI at 59.2 vs 59.3 in March) and services activity posted a fresh increase (PMI at 50.4 vs 48.2). New business, exports and employment continued to expand solidly. On the price front, input costs continued to rise sharply amid further reports of severe global raw material shortages. Finally, business sentiment was the strongest since February 2018, as firms were confident of a strong economic recovery once COVID-19 restrictions are fully relaxed.
2021-04-23

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.