The IHS Markit France Manufacturing PMI retreated to 53.5 in October of 2021, from 55 in the previous month and missed market expectations of 54, according to preliminary estimates. The latest reading signaled the weakest pace of expansion in factory activity since January, as intense input shortages caused production to contract for the first time this year. Also, severe delays in input deliveries led to customers cancelling or postponing orders, leading to a deterioration in levels of new business. On the price front, input charges faced by goods producers hit a 17-year high, which was mostly passed onto customers as selling prices rose for the eighth month in a row. Meanwhile, recruitment efforts remained positive, with firms expanding their workforces for the tenth consecutive month amid rising capacity pressures. Finally, business confidence improved, as firms were more optimistic regarding both supply side issues as well as towards demand, investment, and expansion plans. source: Markit Economics

Manufacturing PMI in France averaged 50.41 points from 2011 until 2021, 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 October of 2021.

Manufacturing PMI in France is expected to be 54.50 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 55.00 points in 2022 and 54.00 points in 2023, according to our econometric models.

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France Manufacturing PMI


News Stream
French Factory Activity Falls More than Expected
The IHS Markit France Manufacturing PMI retreated to 53.5 in October of 2021, from 55 in the previous month and missed market expectations of 54, according to preliminary estimates. The latest reading signaled the weakest pace of expansion in factory activity since January, as intense input shortages caused production to contract for the first time this year. Also, severe delays in input deliveries led to customers cancelling or postponing orders, leading to a deterioration in levels of new business. Inflationary pressures remained intense, notably from material prices, which was mostly passed onto customers as selling charges rose for the eighth month in a row. Meanwhile, recruitment efforts remained positive, with firms expanding their workforces for the tenth consecutive month amid rising capacity pressures. Finally, business confidence improved, as firms were more optimistic regarding both supply side issues as well as towards demand, investment, and expansion plans.
2021-10-22
French Manufacturing PMI Revised Slightly Lower
The IHS Markit France Manufacturing PMI fell to 55 in September of 2021, from 57.5 in the prior month and compared to a preliminary estimate of 55.2. The latest reading signaled the weakest pace of expansion in factory activity since January, amid slower growth in output and new orders due to ongoing supply disruptions. As a result, employment levels stagnated, stock levels were reduced and firms, in an attempt to protect margins, passed higher costs on to their customers. In fact, there was a re-acceleration in the rate of input cost inflation, following a slight cooling in August, which was the sharpest in ten-and-a-half years. More positively, business confidence improved for the first time since June.
2021-10-01
French Manufacturing PMI Falls to 8-Month Low
The IHS Markit France Manufacturing PMI dropped to 55.2 in September of 2021, from 57.5 in the previous month and below market expectations of 57, a preliminary estimate showed. The latest reading signaled the weakest pace of expansion in factory activity since January, amid slower growth in output and new orders due to ongoing supply disruptions. There was a further and marked deterioration in supplier performance, with average lead times lengthening to historic highs, attributed to low supplies of raw materials and key components, poor freight availability, port closures in Europe and Asia coupled with strong demand. This was also reflected in higher input costs and output charges. More positively, employment continued to rise at a strong pace. Finally, business confidence improved.
2021-09-23

France Last Unit Reference Previous Highest Lowest
Services PMI 56.60 points Oct/21 56.20 62.90 10.20
Manufacturing PMI 53.50 points Oct/21 55.00 59.40 31.50
Composite PMI 54.70 points Oct/21 55.30 60.30 11.10


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.