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.

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France Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 54.40 58.30 points Jun 2022
Manufacturing PMI 51.40 54.60 points Jun 2022
Composite PMI 52.80 57.00 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
51.40 54.60 59.40 31.50 2011 - 2022 points Monthly
SA

News Stream
France Manufacturing PMI Revised Higher
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.
2022-07-01
France Factory Activity at 19-Month Low
The S&P Global France Manufacturing PMI fell to a 19-month low of 51 in June of 2022 from 54.6 in the prior month, missing market estimates of 54, a flash estimate showed. Goods production was seen lower for the first time since October of 2021, citing issues in both demand and supply sides amid an adverse rise in prices and growing uncertainty. New orders growth trailed to a 14-month low, while employment rose at the lowest rate in four months. Input costs inflation advanced at a slightly slower pace than in the previous month but remained close to record highs due to surging prices of raw materials, fuel, transportation, and wages. Looking forward, the level of confidence for French manufacturers slipped to a 19-month low.
2022-06-23
French May Factory Activity Growth at 7-Month Low
The S&P Global France Manufacturing PMI fell to a 7-month low of 54.6 in May of 2022 from 55.7 in April, slightly above a preliminary estimate of 54.5. Output continued to rise but at a marginal pace overall, amid a marked slowdown in new business growth, as client demand was dampened by price pressures. Exports also fell for the 3rd consecutive month, reflecting subdued demand conditions in external markets. There were still signs of intense supply chain challenges as input lead times lengthened further. Meanwhile, firms added more staff amid rising backlogs of work. On the price front, input costs soared further, with the rate of input price inflation among the steepest on record, despite slowing since April. Similarly, output charges rose substantially in May, but at a softer pace. Lastly, French manufacturers remained optimistic towards the coming 12 months, although the level of business confidence was below its historical average amid concerns over inflation and growth.
2022-06-01