France Manufacturing PMI

Last Release

Jul 31, 2024

Actual

Units In

Points

45.4

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
59.4 May 2021	31.5 Apr 2020	49.99 Points	2011-2024	Markit Economics

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.

Latest Updates

The HCOB France Manufacturing PMI fell to 43.2 in November 2024, down from 44.5 in October and below the expected 44.5, preliminary estimates showed. This marked the 22nd consecutive month of contraction and the steepest decline since January, as factory orders continued to shrink both domestically and internationally. Manufacturers highlighted significant struggles in the automotive, construction, and cosmetic industries. Additionally, despite weak demand, input prices saw a sharp rise compared to the previous month, while output prices declined. Consequently, factory workforce reductions continued in November, and firms maintained a downbeat outlook.