{"id":429138,"date":"2026-04-01T15:00:17","date_gmt":"2026-04-01T08:00:17","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/france-march-final-manufacturing-pmi-50-0-vs-50-2-prelim\/"},"modified":"2026-04-01T15:00:17","modified_gmt":"2026-04-01T08:00:17","slug":"france-march-final-manufacturing-pmi-50-0-vs-50-2-prelim","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/france-march-final-manufacturing-pmi-50-0-vs-50-2-prelim-429138\/","title":{"rendered":"France March final manufacturing PMI 50.0 vs 50.2 prelim"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 50.1<\/li>\n<\/ul>\n<p class=\"text-align-justify\">It&#8217;s just a minor downgrade to the final estimate as France&#8217;s manufacturing sector continues to stagnate in light of the Middle East conflict. The two biggest things to note are that suppliers&#8217; delivery times and input cost inflation both surged significantly on the month.<\/p>\n<p class=\"text-align-justify\">The former lengthened to its greatest degree since January 2023 while the latter saw a steep increase to its highest since December 2022.<\/p>\n<p class=\"text-align-justify\">Besides that, demand conditions also waned further with international customer demand seeing its steepest deterioration<br \/>\nsince July last year. That alongside an already weak domestic market sentiment.<\/p>\n<p class=\"text-align-justify\">HCOB notes that:<\/p>\n<p class=\"text-align-justify\">&#8220;The March PMI revealed an immediate impact from<br \/>\nthe war in the Middle East. The survey data, collected<br \/>\nbetween 12-24 March, imply a rapid supply-side<br \/>\nsqueeze from the conflict as delivery times lengthened<br \/>\nsubstantially and input costs soared. The passthrough<br \/>\nto output prices appears to be fairly contained at this<br \/>\nstage. This could be due to an unfavourable demand<br \/>\nenvironment limiting French producers&#8217; pricing power,<br \/>\nalthough firms may also be stalling price increases<br \/>\nin the hope that there is a quick resolution to the war<br \/>\nthat brings with it a normalisation of supply and price<br \/>\nconditions.\n<\/p>\n<p class=\"text-align-justify\">&#8220;The uncertainty from the war in the Middle East has<br \/>\nalso led clients to postpone or cancel orders, leading<br \/>\nsales volumes to contract more sharply and production<br \/>\nlevels to decline for the first time in the year-to-date.<br \/>\nClearly, the longer this war is drawn out for, the greater<br \/>\nare the chances of France&#8217;s manufacturing sector<br \/>\nslipping into stagflation.&#8221;<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 50.1 It&#8217;s just a minor downgrade to the final estimate as France&#8217;s manufacturing sector continues to stagnate in light of the Middle East conflict. The two biggest things to note are&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429138","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429138"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429138\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}