France Manufacturing PMI

Last Release

Apr 30, 2024

Actual

44.9

Units In

Points

46.2

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	50.07 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 S&P Global France Manufacturing PMI fell to 44.9 in April 2024, down from 46.2 in the previous month and coming worse than market expectations of 46.9, preliminary estimates showed. It marked the 15th consecutive period of contraction in France’s factory activity and the steepest in three months, as new orders dropped to its sharpest pace since January amid reports of deteriorating demand from clients in overseas markets. At the same time, there was an accelerated decline in manufacturing output, and employment also continued to fall. On prices, input costs inflation rose to its highest level since February 2023, driven by higher prices of metal and oil-based products. Looking forward, French manufacturers were pessimistic on balance for the first time in three months.