The S&P Global France Manufacturing PMI rose slightly to 49.1 in November of 2022 from the 2-1/2-year low of 47.2 in October, beating market expectations of 47. Still, the result marked the third consecutive contraction for the French manufacturing sector, as factory output fell for the sixth straight month, although at a softer pace compared to the prior period. New orders also declined at a softer pace, driving manufacturers to rely on backlog orders to support production in the period and freeing up capacity. Still, firms noted that employment continued to grow at a steady pace for the 23rd straight month. On the price front, receding supply-related disruptions helped decrease cost inflation for manufacturers, as input prices rose at the lowest rate in two years, leading output inflation to ease to the lowest since August. Looking forward, firms continued to be worried about energy inflation and the effects it brings to their production and profit margins. source: Markit Economics

Manufacturing PMI in France averaged 50.62 points from 2011 until 2022, reaching an all time high of 59.40 points in May of 2021 and a record low of 31.50 points in April of 2020. This page provides the latest reported value for - France Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Manufacturing PMI in France is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Manufacturing PMI is projected to trend around 54.50 points in 2023 and 54.00 points in 2024, according to our econometric models.

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France Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 49.40 51.70 points Nov 2022
Manufacturing PMI 49.10 47.20 points Nov 2022
Composite PMI 48.80 50.20 points Nov 2022

France Manufacturing PMI
In France, the Markit Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
49.10 47.20 59.40 31.50 2011 - 2022 points Monthly
SA

News Stream
French Factory Activity Contracts at Softer Pace
The S&P Global France Manufacturing PMI rose slightly to 49.1 in November of 2022 from the 2-1/2-year low of 47.2 in October, beating market expectations of 47. Still, the result marked the third consecutive contraction for the French manufacturing sector as factory output fell for the sixth straight month, although at a softer pace compared to the prior period. New orders also declined at a softer pace, driving manufacturers to rely on backlog orders to support production in the period and freeing up capacity. Still, firms noted that employment continued to grow at a steady pace for the 23rd straight month. On the price front, receding supply-related disruptions helped decrease cost inflation for manufacturers, as input prices rose at the lowest rate in two years, leading output inflation to ease to the lowest since August. Looking forward, firms continued to be worried about energy inflation and the effects it brings to their production and profit margins.
2022-11-23
French Factory Activity Dips More than Initially Thought
The S&P Global France Manufacturing PMI dropped to 47.2 in October of 2022 from 47.7 in the prior month, revised downwards from the preliminary estimate of 47.4. The latest reading marked the second consecutive month of contraction in the country's manufacturing sector and to the greatest extent in almost two-and-a-half years. Output volumes declined further as new orders slumped at a record pace amid subdued underlying demand conditions, high inflation and overstocked clients. As a result, backlogs of work decreased while a survey-record accumulation in stocks of finished goods was recorded, as some clients postponed their orders. Meanwhile, firms reduced their purchasing activity. On the price front, inflationary pressures were still elevated during October, mainly due to high energy costs. Looking forward, manufacturers remained pessimistic, amid expectations of persistent high inflation, continued geopolitical uncertainty and elevated energy costs.
2022-11-02
French Manufacturing PMI at 29-Month Low
The S&P Global France Manufacturing PMI fell to 47.4 in October of 2022 from 47.7 in the previous month, the lowest since May of 2020 but slightly above expectations of 47.1, a preliminary estimate showed. New orders for manufactured goods contracted for a third consecutive month, pressured by high prices and rising uncertainty about the macroeconomic backdrop. Output levels registered their fifth consecutive contraction, but slightly slower than those of the previous month amid shortages of raw materials and weak market conditions. Meanwhile, employment growth was seen steady for French companies. On the price front, input inflation accelerated in October, mainly due to higher costs for energy. Looking forward, business confidence slipped to a near two-year low due to the challenging economic conditions in Europe.
2022-10-24