France EUR

France Markit Composite PMI Final

Info

History

Chart

Impact:

Low

Source: Markit Economics

Latest Release:

Date:

Surprise:

-1.9

Actual:

55.5

Forecast: 57.4

Previous/Revision:

52.7

Period: Feb

What Does It Measure?

The France Markit Composite PMI Final measures the overall economic health of the French private sector, encompassing both the manufacturing and services industries. It evaluates key areas such as production output, new business orders, and employment changes, providing critical insights into economic momentum and business activity, with a reading above 50 indicating expansion and below 50 indicating contraction.

Frequency

This report is released monthly, typically around the first business day of the following month, and presents final figures after initial estimates have been published in the preliminary report.

Why Do Traders Care?

Traders monitor the Markit Composite PMI Final closely due to its implications for economic conditions in France, which can affect financial markets significantly. A reading that exceeds or falls short of expectations can lead to considerable movements in the euro, stock indices, and other related assets, as it provides real-time insight into business confidence and activity levels.

What Is It Derived From?

The PMI is derived from a survey conducted among purchasing managers across various sectors, with respondents assessing business conditions such as new orders, output, supplier delivery times, and inventory levels. The composite index is calculated using a diffusion index that weighs the responses, ensuring that the results reflect the broader economic landscape.

Description

Preliminary reports of the PMI are based on early data collection and can be subject to adjustments in the final figures, which incorporate more comprehensive data for accuracy. Therefore, while preliminary data may induce immediate market reactions due to its timely nature, final figures often lead to revisions in market sentiment and expectations.

Additional Notes

The Markit Composite PMI serves as a leading indicator of economic activity, providing valuable insights into future growth trends not only for France but also in relation to other major economies in the Eurozone. It often correlates with other economic indicators and serves as a barometer for business confidence, influencing investor forecasts and broader economic assessments.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. Hawkish tone: Signaling higher interest rates or inflation concerns, is usually good for the EUR but bad for Stocks due to higher borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Mar 03, 2022	55.5	57.4	52.7	-1.9
Feb 03, 2022	52.7	52.7	55.8
Jan 05, 2022	55.8	55.6	56.1	0.2
Dec 03, 2021	56.1	56.3	54.7	-0.2
Nov 04, 2021	54.7	54.7	55.3
Oct 05, 2021	55.3	55.1	55.9	0.2
Sep 03, 2021	55.9	55.9	56.6
Aug 04, 2021	56.6	56.8	57.4	-0.2
Jul 05, 2021	57.4	57.1	57	0.3
Jun 03, 2021	57	57	51.6
May 05, 2021	51.6	51.7	50	-0.1
Apr 07, 2021	50	49.5	47	0.5
Mar 03, 2021	47	45.2	47.7	1.8
Feb 03, 2021	47.7	47	49.5	0.7
Jan 06, 2021	49.5	49.6	40.6	-0.1
Dec 03, 2020	40.6	39.9	47.5	0.7
Nov 04, 2020	47.5	47.3	48.5	0.2
Oct 05, 2020	48.5	48.5	51.6
Aug 05, 2020	57.3	57.6	51.7	-0.3
Jul 03, 2020	51.7	51.3	32.1	0.4
Jun 03, 2020	32.1	30.5	11.1	1.6
May 06, 2020	11.1	11.2	28.9	-0.1
Apr 03, 2020	28.9	30.2	52	-1.3
Mar 04, 2020	52	51.9	51.1	0.1
Feb 05, 2020	51.1	51.5	52	-0.4
Jan 06, 2020	52	52	52.1
Dec 04, 2019	52.1	52.7	52.6	-0.6
Nov 06, 2019	52.6	52.6	50.8
Oct 03, 2019	50.8	51.3	52.9	-0.5
Sep 04, 2019	52.9	52.7	51.9	0.2
Aug 05, 2019	51.9	51.7	52.7	0.2
Jul 03, 2019	52.7	52.9	51.2	-0.2
Jun 05, 2019	51.2	51.3	50.1	-0.1
May 06, 2019	50.1	50	48.9	0.1
Apr 03, 2019	48.9	48.7	50.4	0.2
Mar 05, 2019	50.4	49.9	48.2	0.5
Feb 05, 2019	48.2	47.9	48.7	0.3
Jan 04, 2019	48.7	49.4	54.2	-0.7
Dec 05, 2018	54.2	54	54.1	0.2
Nov 06, 2018	54.1	54.3	54	-0.2
Oct 03, 2018	54	53.6	54.9	0.4
Sep 05, 2018	54.9	55.1	54.4	-0.2
Aug 03, 2018	54.4	54.5	55	-0.1
Jul 04, 2018	55	52.9	54.2	2.1
Jun 05, 2018	54.2	54.5	56.9	-0.3
May 04, 2018	56.9	56.9	56.3
Apr 05, 2018	56.3	56.2	57.3	0.1
Mar 05, 2018	57.3	57.8	59.6	-0.5
Feb 05, 2018	59.6	59.7	59.6	-0.1
Jan 04, 2018	59.6	60	60.3	-0.4
Dec 05, 2017	60.3	60.1	57.4	0.2
Nov 06, 2017	57.4	57.5	57.1	-0.1
Oct 04, 2017	57.1	57.2	55.2	-0.1
Sep 05, 2017	55.2	55.6	55.6	-0.4
Aug 03, 2017	55.6	55.7	56.6	-0.1
Jul 05, 2017	56.6	55.3	56.9	1.3
Jun 05, 2017	56.9	57.6	56.6	-0.7
May 04, 2017	56.6	57.4	56.8	-0.8
Apr 05, 2017	56.8	57.6	55.9	-0.8
Mar 03, 2017	55.9	56.2	54	-0.3
Feb 03, 2017	54	53.8	53.1	0.2
Jan 04, 2017	53.1	60	51.4	-6.9
Dec 05, 2016	51.4	52.3	51.6	-0.9
Nov 04, 2016	51.6	52.2	52.7	-0.6
Oct 05, 2016	52.7	53.3	51.9	-0.6
Sep 05, 2016	51.9	51.5	50.1	0.4
Aug 03, 2016	50.1	50	49.6	0.1
Jul 05, 2016	49.6	49.4	50.9	0.2
Jun 03, 2016	50.9	51.1	50.2	-0.2
May 04, 2016	50.2	50.5	50	-0.3
Apr 05, 2016	50	51.1	49.3	-1.1
Mar 03, 2016	49.3	49.8	50.2	-0.5
Feb 03, 2016	50.2	50.5	50.1	-0.3
Jan 06, 2016	50.1	50.3	51	-0.2
Dec 03, 2015	51	51.3	52.6	-0.3
Nov 04, 2015	52.6	52.3	51.9	0.3
Oct 05, 2015	51.9	51.4	50.2	0.5
Sep 03, 2015	50.2	51.3	51.5	-1.1
Aug 05, 2015	51.5	51.5	53.3
Jul 03, 2015	53.3	53.4	52	-0.1
Jun 03, 2015	52	51	50.6	1
May 06, 2015	50.6	50.2	51.5	0.4