The S&P Global France Composite PMI was revised slightly higher to 51.7 in February of 2023 from a flash estimate of 51.6 and well above 49.1 in the prior month. It was the first expansion in the private sector since October 2022, reflecting an improvement in the service sector (53.1 vs. 49.4 in January) as the manufacturing industry remained below pair (47.7 vs. 50.5). Although business activity returned to growth, there was a further decline in the overall level of new incoming work. In terms of employment, the rate of job creation accelerated to a four-month high. On the price front, input price inflation eased to a 12-month low, while output charge decreased in February. source: Markit Economics

Composite PMI in France averaged 50.68 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 March of 2023.

Composite PMI in France is expected to be 51.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
France Composite PMI



Related Last Previous Unit Reference
Services PMI 53.10 49.40 points Feb 2023
Manufacturing PMI 47.40 50.50 points Feb 2023
Composite PMI 51.70 49.10 points Feb 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
51.70 49.10 60.30 11.10 2012 - 2023 points Monthly

News Stream
France Private Sector Expands More than Expected
The S&P Global France Composite PMI was revised slightly higher to 51.7 in February of 2023 from a flash estimate of 51.6 and well above 49.1 in the prior month. It was the first expansion in the private sector since October 2022, reflecting an improvement in the service sector (53.1 vs. 49.4 in January) as the manufacturing industry remained below pair (47.7 vs. 50.5). Although business activity returned to growth, there was a further decline in the overall level of new incoming work. In terms of employment, the rate of job creation accelerated to a four-month high. On the price front, input price inflation eased to a 12-month low, while output charge decreased in February.
2023-03-03
French Private Sector PMI Hits 7-Month High
The S&P Global France Composite PMI rose to 51.6 in February 2023, from 49.1 in January, above market expectations of 49.9, a flash estimate showed. The latest reading pointed to the first expansion in the country's private sector since last October and at the quickest pace since July of 2022. Growth was solely driven by services (PMI at a 5-month high of 52.8 vs 49.4 in January) while manufacturers saw a renewed downturn in February, with the rate of decline at its sharpest since last November (PMI at a 3-month low of 45.9 vs 47.5). Still, new order intakes continued to decline, reflecting continued weakness in demand. Meanwhile, the labor market continued to show signs of resilience, with the rate of job creation little-changed from January’s three-month high and above its historical average. On the price front, input inflation eased further and was the weakest since December 2021. Lastly, business sentiment eased slightly since January, but was the second-strongest since July 2022.
2023-02-21
French Private Sector Downturn Continues in January
The S&P Global France Composite PMI came in at 49.1 in January of 2023, compared with a preliminary estimate of 49 and unchanged from the previous month. The reading signalled a third straight monthly decrease in private sector business activity across France, which was only marginal overall. Mild growth in manufacturing activity (PMI at 50.5 vs 49.2 in December) was overshadowed by a renewed contraction in services (PMI at 49.4 vs 49.5). A further fall in new orders weighed on activity levels. As a result, backlogs of work were depleted as firms allocated additional resources to clearing unfinished orders. Actually, there was a pick-up in hiring activity across France in January. On the price front, cost pressures eased slightly in January but selling prices advanced faster.
2023-02-03