The IHS Markit France Manufacturing PMI was revised higher to 52.4 in July of 2020 from a preliminary of 52 and 52.3 in June, final estimates showed. The reading pointed to another modest improvement in business conditions across the manufacturing sector, as firms continued to ramp up their operations after coronavirus-induced shutdowns. The result was primarily driven by a marked expansion in output, which came despite a lack of new order growth. Meanwhile, goods producers cut staff numbers at the slowest pace since January. Looking forward, businesses were optimistic towards the one-year outlook for output, supported by expectations for a gradual return to pre-coronavirus levels of activity.
Manufacturing PMI in France averaged 49.82 points from 2011 until 2020, reaching an all time high of 58.80 points in December of 2017 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 2020. source: Markit Economics
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. Looking forward, we estimate Manufacturing PMI in France to stand at 54.00 in 12 months time. In the long-term, the France Manufacturing PMI is projected to trend around 52.90 points in 2021 and 54.00 points in 2022, according to our econometric models.