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2026-04-07 16:11:17
[French Composite PMI Final Reading Revised Up to 48.8 in March] ⑴ The final reading of the S&P Global France Composite Purchasing Managers' Index (PMI) for March was revised upward to 48.8 from the preliminary reading of 48.3, but it remains below February's 49.9, indicating that private sector activity contracted at its fastest pace since October last year. ⑵ This decline was due to a sharp drop in new orders, reflecting continued weakness in overall economic demand. Although output prices continued to rise, the increase remained moderate and at historically low levels, indicating limited pricing power for businesses. ⑶ At the same time, cost pressures intensified, with private sector input prices rising at their fastest pace since November 2023, mainly driven by a significant rebound in manufacturing inflation.
