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.