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French Manufacturing Contraction Deepens

Saturday, July 27th, 2024

The S&P Global France Manufacturing PMI fell to 45.8 in March 2024, down from 47.1 in previous month and compared to market forecasts of 47.5, preliminary estimates showed.

This was the 14th straight month of contraction in French manufacturing activity, as output dropped to its lowest level since January 2023.

Manufacturers also recorded sharper reduction in sales, attributed to client hesitancy, challenging economic conditions and inflationary pressures as drags on demand.

Meanwhile, despite the supply chain disruptions caused by attacks in the Red Sea, delivery times rose again, signaling stability after it had fallen to a near one-year low in January.

  

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