Live Updates > Live Update Details
2025-11-03 16:54:21
[French Manufacturing Sector Deeply Affected, Market Confidence Plummets] ⑴ The final reading of France's October Manufacturing PMI was 48.8, a slight improvement from September's 48.2 and the preliminary reading of 48.3, but it has remained in contraction territory for 34 consecutive months. ⑵ New orders and output continued to decline significantly, with domestic political turmoil and weak customer demand being the main drags. Geopolitical conflicts further exacerbated the situation, impacting overseas demand. ⑶ Although the decline in export orders narrowed to its best level in six months, manufacturers have been offering price reductions for two consecutive months, while cost inflation pressures have eased to their lowest level in a year. ⑷ While employment has increased for six consecutive months, the expansion has been weak; future output expectations have turned pessimistic for the first time since January, with 30% of companies predicting production cuts next year. ⑸ The growth rate of backlogged orders hit a new high since May 2022, contrasting sharply with the overall sluggish environment, indicating that the industry is caught in a contradictory cycle of "high backlog - low demand."
