The S&P Global France Manufacturing PMI fell to 49.5 in July of 2022 from 51.4 in the prior month, revised downwards from the preliminary estimate of 49.6. It was the lowest figure since May 2020, as both manufacturing output and new orders declined at the fastest pace since the pandemic-induced disruptions in the first half of 2020. Surveyors cited lower demand as clients were hesitant with uncertain economic conditions, the war in Ukraine, and the inflation outlook. Subsequently, the rate of job creation slowed to a ten-month low. On the price front, inflationary pressures eased slightly from the previous month, although still high. Finally, business confidence was historically subdued in July. source: Markit Economics

Manufacturing PMI in France averaged 50.68 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 August of 2022.

Manufacturing PMI in France is expected to be 54.60 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 53.20 53.90 points Jul 2022
Manufacturing PMI 49.50 51.40 points Jul 2022
Composite PMI 51.70 52.50 points Jul 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
49.50 51.40 59.40 31.50 2011 - 2022 points Monthly
SA

News Stream
France Manufacturing PMI Hits Lowest Since May 2020
The S&P Global France Manufacturing PMI fell to 49.5 in July of 2022 from 51.4 in the prior month, revised downwards from the preliminary estimate of 49.6. It was the lowest figure since May 2020, as both manufacturing output and new orders declined at the fastest pace since the pandemic-induced disruptions in the first half of 2020. Surveyors cited lower demand as clients were hesitant with uncertain economic conditions, the war in Ukraine, and the inflation outlook. Subsequently, the rate of job creation slowed to a ten-month low. On the price front, inflationary pressures eased slightly from the previous month, although still high. Finally, business confidence was historically subdued in July.
2022-08-01
French Factory Activity Unexpectedly Contracts
The S&P Global France Manufacturing PMI fell to 49.6 in July of 2022 from 51.4 in the prior month and missed market expectations of a 50.8 reading. It was the first contraction in the sector since November of 2020, as output fell at the fastest rate in 26 months, with goods producers indicating that demand for French goods shrank for the 2nd month in a row. Meanwhile, employment was largely unchanged and firms were able to reduce backlogs of work. Looking ahead, manufacturers remained upbeat about the outlook but concerns about inflation and the war in Ukraine capped optimism levels significantly.
2022-07-22
France Manufacturing PMI Revised Higher
The S&P Global France Manufacturing PMI fell to 51.4 in June of 2022 from 54.6 in the prior month, revised upwards from the preliminary estimate of 51. It was the lowest figure since December of 2020, as manufacturing output contracted for the first time since October of last year, while new orders fell at the sharpest rate since November of 2020. Surveyors cited lower demand as clients were hesitant with uncertain economic conditions and higher prices. As intakes of new work fell sharply, manufacturers made inroads into backlogs of work, resulting in outstanding business levels dropping to an 18-month low. In the price front, inflationary pressures eased slightly from the previous month, although still high. Meanwhile, the recent hiring trend remained positive, despite at a slower rate. Looking forward, rising costs and recession fears pressured business confidence to its lowest in over two years.
2022-07-01