France Composite PMI

Last Release

Jul 31, 2024

Actual

49.1

Units In

Points

48.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
60.3 Nov 2017	11.1 Apr 2020	50.35 Points	2012-2024	Markit Economics

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.

Latest Updates

The HCOB France Composite PMI fell to 44.8 in November 2024, from 48.1 in October and worse than market estimates of 48.3, preliminary estimates showed. This marks the 3rd consecutive month of contraction in the private sector and the steepest since January. The dominant services sector saw a steeper decline (PMI at 45.7 vs 49.2 in October) and manufacturing activity continued to shrink (PMI at 43.2 vs 44.5). New order volumes fell at the sharpest rate in four years, with survey participants attributing the weakness in demand to political and geopolitical uncertainties. A significant decline in new export business contributed to this downturn, marking the steepest drop in overseas orders since May 2020. More positively, private-sector employment saw a slight rebound. However, cost pressures intensified as input prices rose at their fastest pace in three months. French companies foresee the contraction continuing into 2025, with negative expectations for the first time since May 2020.