France's Manufacturing Sector Shows Signs of Recovery Amidst Softened Decline in PMI
Friday, 1 March 2024, 08:50
France Manufacturing PMI Update
A slightly positive revision in the final manufacturing PMI for France in February reaffirms a modest bounce back in activity within the sector. The declines in output and new orders softened considerably, with improved business optimism noted.
Key Points:
- Recovery in Consumer Goods Sector: Consumer goods lead the recovery, with output and new orders showing growth.
- Softened Contraction in Other Sectors: Contractions in intermediate and capital goods sectors softened significantly.
- Renewed Optimism: Renewed increase in output and new orders in the consumer goods sector fuels optimism for future manufacturing output in France.
Despite challenges and a decline in the PMI for the thirteenth consecutive month, there are signs of hope for a recovery as domestic demand is expected to pick up throughout the year.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.