France’s S&P Global Manufacturing PMI fell to 48.9 in May 2026, slipping back into contraction after five months of expansion and down from 52.8 in April, preliminary estimates showed. The reading also defied expectations of continued expansion at 52.2, as output declined amid weaker demand conditions, with firms citing higher fuel and energy costs, material shortages, and broader economic uncertainty as key factors weighing on production. The manufacturing output index shed more than 6 points on the month to 46.4. Price indices also continued their ascent in May, signaling a further rise in inflationary pressure, with input costs rising at a faster pace, as metal- and oil-based products featured heavily in supplementary survey responses. source: S&P Global

Manufacturing PMI in France decreased to 48.90 points in May from 52.80 points in April of 2026. Manufacturing PMI in France averaged 49.72 points from 2011 until 2026, 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.

Manufacturing PMI in France decreased to 48.90 points in May from 52.80 points in April of 2026. Manufacturing PMI in France is expected to be 51.60 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 52.60 points in 2027 and 52.40 points in 2028, according to our econometric models.



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Industrial Production 0.90 -0.30 percent Mar 2026
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France Manufacturing PMI
The S&P Global 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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
France Manufacturing Unexpectedly Contracts in May
France’s S&P Global Manufacturing PMI fell to 48.9 in May 2026, slipping back into contraction after five months of expansion and down from 52.8 in April, preliminary estimates showed. The reading also defied expectations of continued expansion at 52.2, as output declined amid weaker demand conditions, with firms citing higher fuel and energy costs, material shortages, and broader economic uncertainty as key factors weighing on production. The manufacturing output index shed more than 6 points on the month to 46.4. Price indices also continued their ascent in May, signaling a further rise in inflationary pressure, with input costs rising at a faster pace, as metal- and oil-based products featured heavily in supplementary survey responses.
2026-05-21
France Manufacturing Growth Strongest Since 2022
France’s S&P Global Manufacturing PMI rose to 52.8 in April 2026 from 50.0 in March, confirming initial estimates and marking its strongest growth since May 2022. New orders and output expanded at their fastest pace since early 2022, driven by client stockpiling ahead of higher prices and disruptions. Purchasing activity rose for only the second time in four years, with inventories of inputs and finished goods increasing due to precautionary stock building linked to Middle East tensions. Export orders declined despite stronger domestic demand. Supply-chain pressures remained elevated, with delivery delays from shortages, logistics issues, and rerouted shipping, pushing backlogs to their highest since February 2022. Employment fell for a third month. Input cost inflation rose to a near four-year high, while output prices increased at the fastest pace since February 2023. Business confidence improved but remained weak amid geopolitical risks.
2026-05-04
France Manufacturing PMI Rises to Near 4-Year High
France’s S&P Global Manufacturing PMI rose to 52.8 in April 2026 from 50 in March, defying market expectations of 49.5 and marking the highest level since May 2022, flash estimates showed. Manufacturing output rebounded strongly, reaching a 50-month high, as client precautionary stockpiling drove order intakes into expansion for the first time in nearly four years. Firms increased inventories of both pre- and post-production goods amid changes in procurement strategies due to the Middle East conflict. The survey indicated that customers brought forward purchases amid concerns over higher prices, supply shortages, and logistics issues. However, manufacturers continued to reduce headcount, contributing to a buildup in backlogs. Cost pressures also intensified, with input prices rising at the fastest pace since June 2022, while output price inflation accelerated to a 38-month high.
2026-04-23