The HCOB France Manufacturing PMI fell to 44 in July 2024 from 45.4 in the previous month, revising marginally lower than preliminary estimates of 44.1. This marked the 18th consecutive month of decline and the steepest contraction since January, with new orders falling at the sharpest pace in six months due to weaker demand. Output levels also dropped for the 26th straight month, experiencing the fastest decline since the beginning of the year, particularly in the capital goods sector. Moreover, employment continued its downward trend, falling at the quickest rate since March as firms let temporary contracts expire, further reducing backlogs of work. On the price front, input costs rose in July, with inflation reaching its highest in a year and a half. Selling prices also increased modestly, as some firms discounted goods to stay competitive. Lastly, business confidence weakened for the second straight month, a setback after a rebound to a 27-month high in growth expectations in May. source: S&P Global
Manufacturing PMI in France decreased to 44 points in July from 45.40 points in June of 2024. Manufacturing PMI in France averaged 49.99 points from 2011 until 2024, 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 August of 2024.
Manufacturing PMI in France decreased to 44 points in July from 45.40 points in June of 2024. Manufacturing PMI in France is expected to be 48.80 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 51.60 points in 2025 and 50.40 points in 2026, according to our econometric models.