The S&P Global France Composite PMI fell to 48.8 in November of 2022 from 50.2 in October, below market expectations of 49.5, a flash estimate showed. The print pointed to the first contraction in the private sector since February of 2021, led by a renewed drop in the vital service sector (49.4 vs 51.7 in October) as high inflation affected new orders and companies noted the adverse effect that high energy costs have had on the purchasing power of their customers. Also, manufacturing activity continued to fall for the sixth month (49.1 vs 47.2). New work fell for the fourth month as challenging economic conditions continued to weigh on demand. Output declined less than new orders explained by the completion of outstanding orders. Also, employment slowed to a one-and-a-half-year low, despite rising for the 23rd month. On the price front, rates of both input cost and output price inflation were at the slowest in 9 months, albeit still sharp by historical standards. source: Markit Economics
Composite PMI in France averaged 50.70 points from 2012 until 2022, 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 November of 2022.
Composite PMI in France is expected to be 54.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Composite PMI is projected to trend around 54.60 points in 2023 and 54.20 points in 2024, according to our econometric models.