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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Markit Composite PMI climbed to 56.2 in March 2022
FMPMonthlyReleased March 2022
France Markit Composite PMI climbed to 56.2 in March 2022, up 0.7 from February's 55.5 reading. The reading matched the 54.3 consensus. Year-over-year, the indicator is up 6.7. Over the past 3 months, Markit Composite PMI averaged 54.82, vs 55.27 in the prior 3-month window. The reading is in the 77th percentile of the trailing 24-month range.
Latest Release
56.2
Actual
54.3
Consensus
55.5
Previous
Median Absolute Error
±0.48
across last 12 releases
Last Call
Mar 2022
Predicted: 54.38
Actual: 56.2
Error: -1.82
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Bullish FR | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Composite PMI (France) was reported at 56.20 in March 2022. This beat the market consensus of 54.30 by 1.90. The reading rose from the previous value of 55.50.
WHY IT MATTERS
The trailing three releases averaged 56.37, up from the prior three at 53.73.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with CAC 40 (Bullish FR). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.48.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (May 27) and Unemployment Benefit Claims (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Composite PMI - FR
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About Markit Composite PMI — France
DEFINITION
Markit Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country or region. It combines data from the manufacturing and services sectors to provide a comprehensive view of business activity and growth. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the current and future state of the economy. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Markit Composite PMI is a valuable tool for decision-making and risk management in the financial world.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2022): actual 56.2, consensus 54.3. Prior reading (Feb 2022): 55.5. Before that (Feb 2022): 57.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.