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.

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France Composite PMI



Related Last Previous Unit Reference
Services PMI 49.40 51.70 points Nov 2022
Manufacturing PMI 49.10 47.20 points Nov 2022
Composite PMI 48.80 50.20 points Nov 2022

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
48.80 50.20 60.30 11.10 2012 - 2022 points Monthly

News Stream
French Private Sector Shrinks More than Expected
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.
2022-11-23
French Private Sector PMI Revised Slightly Up
The S&P Global France Composite PMI was revised slightly up to 50.2 in October of 2022 from a flash estimate of 50, but below 51.2 in the previous month. The latest reading indicated that France's private sector grew only fractionally and at the weakest rate since March of 2021, as a modest rise in services (PMI at 51.7 vs 52.9 in September) partly offset a sharp downturn in manufacturing activity (PMI at 47.2 vs 47.7). New business inflows fell for a third successive month in October, driven by a rapid deterioration in new orders placed with manufacturers. Meanwhile, a strong increase in employment was registered. On the price front, overall input cost inflation eased in October but remained elevated.
2022-11-04
French Private Sector Stalls in October
The S&P Global France Composite PMI fell to 50 in October of 2022 from 51.2 in September, below market expectations of 50.3, a flash estimate showed. The latest reading indicated a complete stagnation in the country's private sector, as growth in services (PMI at 51.3 vs 52.9 in September) was not enough to offset a deeper contraction in manufacturing activity (PMI at a 29-month low of 47.4 vs 47.7). New orders fell for the third straight month, amid subdued demand conditions due to eroding purchasing power. More positively, employment growth was sustained in October, marking a twenty-second successive monthly increase in hiring. On the price front, inflationary pressures remained historically elevated in October as companies continued to face high input costs, amid soaring energy prices, which were passed to customers via higher charges. Lastly, business confidence slumped to its lowest level in almost two years, weighed down by challenging economic conditions, especially in Europe.
2022-10-24