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.