French architecture in France

France PMI January 2023

France: Private sector activity increases at quickest pace in ten months in May

The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers Index (PMI) jumped to 57.0 in May from Aprils 51.6, marking the best reading since July 2020. As such, the index moved further above the 50-threshold that separates expansion from contraction in business conditions, pointing to an improvement in French private sector activity.

Mays upturn was chiefly driven by a pickup in business activity growth, both in the manufacturing and services sectors. Moreover, new business rose at a fastest clip since January 2018 in May amid sturdier demand, while employment rose for the fifth month running—albeit at a slower pace than in the prior month. On the price front, although input cost pressures eased from April, inflation remained elevated amid supply shortages and rising demand. Meanwhile, output charge inflation rose to the highest level since August 2011. Lastly, confidence regarding the 12-month outlook was the strongest since the series began in 2012.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest