France PMI


France: Composite PMI improves slightly in November, but remains in contraction territory

November 20, 2014

The composite Markit Purchasing Managers’ Index (PMI) rose from a revised 48.2 in October (previously reported: 48.0) to 48.4 November. Despite the improvement, the composite PMI still sits below the 50-threshold that separates contraction from expansion in business conditions. According to Markit, the reading was indicative that economic activity is still contracting, although at a more moderate pace.

November’s result stemmed from an improvement in the services sector, while the manufacturing sector deteriorated over the previous month. According to Markit, service firms’ business expectations improved over the previous month, while manufacturers reported lower output in new business and lower new export orders.

Markit concluded that, “November’s Flash PMI data point to another weak performance by France’s private sector economy, with output showing a further modest fall.”

FocusEconomics Consensus Forecast panelists see fixed investment contracting 2.1% in 2014, which is unchanged from the previous month’s estimate. For 2015, the panel expects flat growth in fixed investment, which is down 0.2 percentage points from last month’s Consensus.

Author:, Senior Economist

Sample Report

Looking for forecasts related to PMI in France? Download a sample report now.


France PMI Chart

France PMI November 2014

Note: Markit Purchasing Managers’ Index (PMI). A reading above 50 indicates an expansion in business activity while a value below 50 points to a contraction.
Source: Markit.

France Economic News

  • France: HICP inflation edges down in February

    March 15, 2018

    Revised data released by the National Statistical Institute (INSEE) on 15 March showed that consumer prices were unchanged in February from the previous month (previously reported: -0.1% month-on-month), contrasting the 0.1% month-on-month drop observed in January.

    Read more

  • France: Industrial output plummets in January

    March 9, 2018

    Industrial production contracted 2.0% in month-on-month terms in January, coming in below the 0.2% increase observed in December.

    Read more

  • France: HICP inflation edges down in February

    February 28, 2018

    Preliminary data released by the National Statistical Institute (INSEE) on 28 February showed that consumer prices dropped 0.1% from the previous month in February (January: -0.1% month-on-month).

    Read more

  • France: Economic growth accelerates in Q4

    February 28, 2018

    The French economy closed 2017 on a strong note, according to the second estimate for the fourth quarter released by the National Statistical Institute (INSEE) on 28 February.

    Read more

  • France: Consumer confidence declines in February

    February 27, 2018

    The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) dropped from 104 points in January to 100 points in February, undershooting market expectations of a softer drop to 103 points.

    Read more

More news