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.



Related Last Previous Unit Reference
Bankruptcies 5544.00 5254.00 Companies May 2024
Business Climate Indicator 94.00 99.00 points Jul 2024
Business Confidence 95.50 98.90 points Jul 2024
Capacity Utilization 74.57 74.31 percent Jun 2024
Car Production 1505076.00 1383173.00 Units Dec 2023
Car Registrations 126037.00 181712.00 Units Jul 2024
Changes in Inventories -2851.00 -978.00 EUR Million Mar 2024
Composite Leading Indicator 99.23 99.34 points Jun 2024
Corruption Index 71.00 72.00 Points Dec 2023
Corruption Rank 20.00 21.00 Dec 2023
Electricity Price 81.35 80.30 EUR/MWh Aug 2024
Electricity Production 40228.06 42854.43 Gigawatt-hour Jun 2024
Industrial Production -1.64 -3.07 percent Jun 2024
Industrial Production MoM 0.80 -2.20 percent Jun 2024
Manufacturing Production -3.94 1.45 percent May 2024
Mining Production -11.21 -8.30 percent May 2024
Natural Gas Stocks Capacity 130.26 130.26 TWh Aug 2024
Natural Gas Stocks Injection 683.59 733.40 GWh/d Aug 2024
Natural Gas Stocks Inventory 103.79 103.19 TWh Aug 2024
Natural Gas Stocks Withdrawal 83.20 54.80 GWh/d Aug 2024
New Orders -17.90 -17.40 points Jun 2024
New Car Registrations YoY -4.80 -2.90 percent Jun 2024

France Manufacturing PMI
The HCOB France Manufacturing PMI is compiled by S&P Global from responses to monthly questionnaires sent to purchasing managers in a panel of around 400 manufacturers. The headline figure is the Purchasing Managers’ Index (PMI), which is a weighted average of the following five indices: New Orders (30%), Output (25%), Employment (20%), Suppliers’ Delivery Times (15%) and Stocks of Purchases (10%). For the PMI calculation the Suppliers’ Delivery Times Index is inverted so that it moves in a comparable direction to the other indices. The index varies between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease.


News Stream
France Manufacturing Sector Remains Subdued
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.
2024-08-01
France Manufacturing PMI Falls to 6-Month Low
The HCOB France Manufacturing PMI fell to 44.1 in July 2024, below market expectations of 45.8, preliminary data showed. This marked the twenty-sixth consecutive month of declining output, with the contraction being the most rapid since January. Weak sales and customer delays were cited as key factors driving the slump in factory production. Manufacturers experienced a sharper decline in new orders and a significant reduction in their workforce. Additionally, there was a notable increase in input price inflation within the sector.
2024-07-24
France Manufacturing Sector Remains Subdued
The HCOB France Manufacturing PMI fell to 45.4 in June 2024 from 46.4 in May, revising marginally higher than preliminary estimates of 45.3. This marked the 17th consecutive period of contraction, due to a sustained and broad-based reduction in new business. In turn, production volumes continued to decline, pointing to just over two years of continuous decrease, while purchasing activity dropped at the fastest pace of the year so far, with input stocks also decreasing. Moreover, factory employment contracted for the thirteenth consecutive month, with the rate of reduction the sharpest since March. On prices, input cost inflation accelerated to a 17-month high, pushing output charges to rise at its fastest pace since March 2023. Looking ahead, French manufacturers expect production growth over the next 12 months. However, optimism has slightly decreased from May and is below the long-term average.
2024-07-01