{"id":430066,"date":"2026-05-04T15:00:07","date_gmt":"2026-05-04T08:00:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/france-factory-output-in-april-bolstered-by-stockpiling-while-price-pressures-intensify\/"},"modified":"2026-05-04T15:00:07","modified_gmt":"2026-05-04T08:00:07","slug":"france-factory-output-in-april-bolstered-by-stockpiling-while-price-pressures-intensify","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/05\/france-factory-output-in-april-bolstered-by-stockpiling-while-price-pressures-intensify\/","title":{"rendered":"France factory output in April bolstered by stockpiling while price pressures intensify"},"content":{"rendered":"<div>\n<ul>\n<li>Manufacturing PMI 52.8 vs 52.8 prelim<\/li>\n<li>Prior 50.0<\/li>\n<\/ul>\n<p class=\"text-align-justify\">The final report reaffirms a pick up in both output and new orders, increasing at the fastest pace since 1H 2022. All of this of course is linked to stockpiling as clients are rushing with advanced ordering in anticipation of<br \/>\nprice increases and availability issues. So again, this comes with a caveat &#8211; much like the Spain report.<\/p>\n<p class=\"text-align-justify\">The details are also less optimistic as French goods producers continued to widely report supply chain disruptions. Adding to that, capacity constraints are becoming more evident with the steepest rise in backlogs of<br \/>\nwork since February 2022.<\/p>\n<p class=\"text-align-justify\">And in terms of inflation pressures, there was another<br \/>\nconsiderable uplift in the rate of input price inflation. Of note, selling prices also picked up by the most since February 2023. Trouble, trouble.<\/p>\n<p class=\"text-align-justify\">HCOB notes that:<\/p>\n<p class=\"text-align-justify\">&#8220;Order books and production lines in France&#8217;s<br \/>\nmanufacturing sector enjoyed a welcome boost in April<br \/>\nas clients front-loaded their purchases in anticipation of<br \/>\nprice increases and supply disruption. A rise in backlogs<br \/>\nof work also raises the odds of this upturn having legs to<br \/>\ncontinue throughout the quarter.\n<\/p>\n<p class=\"text-align-justify\">&#8220;That being said, we have seen before how capacity<br \/>\ncrunches can quickly morph into a broader inflation<br \/>\nproblem. French manufacturers have suffered from a<br \/>\nlack of pricing power over the last two years or so due to<br \/>\npersistently weak demand conditions and international<br \/>\ncompetition. This may be why firms absorbed a large<br \/>\nportion of the rise in their costs during April, but passing<br \/>\nthis on becomes a lot easier when order books are filling<br \/>\nup. These developments need to be watched carefully<br \/>\nfrom a policymaking perspective.&#8221;<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturing PMI 52.8 vs 52.8 prelim Prior 50.0 The final report reaffirms a pick up in both output and new orders, increasing at the fastest pace since 1H 2022. All of this of course is linked to stockpiling as clients are rushing with advanced ordering in anticipation of price increases and availability issues. So again, [&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-430066","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430066","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=430066"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/430066\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=430066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=430066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=430066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}