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.