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. 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 July 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.