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2025-12-16 16:27:50
[France's December Manufacturing PMI Returns to Expansion Territory] ⑴ Preliminary data shows that France's December HCOB Manufacturing PMI rose to 50.6 from 47.8 in November, exceeding the expected 48. ⑵ This reading marks a return to expansion territory for manufacturing activity and represents the highest PMI level since August 2022. ⑶ Manufacturing output nearly stabilized after a sharp decline in November, with the output index climbing to 49.7 (from 45.0 in November). ⑷ New orders increased slightly, supported by overseas demand, while the decline in backlogged orders slowed. ⑸ Employment improved in the manufacturing sector, with companies resuming hiring after downsizing in November, driving a recovery in employment. ⑹ Input cost pressures eased somewhat, but factory gate prices rose at their fastest pace in 16 months. ⑺ Despite the improvement, business confidence remained cautious and below historical averages due to continued political uncertainty and weak consumer demand.
