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 48.1 in October 2024, revising higher from initial estimates of 47.3, but down from 48.6 in September, signaling the fastest drop in private sector activity since February. Both manufacturing (44.5 vs 44.6 in September) and services (49.2 vs 49.6) sectors recorded quicker declines, contributing to the overall contraction. New orders fell sharply, with exports taking a significant hit, experiencing their worst drop since May 2020. This led to the steepest decline in new business receipts in nine months. Employment also declined slightly, reversing September's modest gains, amid the lowest business confidence and the quickest fall in backlogs in ten months. On the price front, input costs rose at their weakest pace in nearly four years, while output prices saw only a marginal increase.