Finance
French manufacturing sector contracted further in November, PMI shows
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 1, 2025
1 min readLast updated: January 20, 2026
In November, French manufacturing contracted further with PMI at 47.8, indicating weak demand and production declines.
PARIS, Dec 1 (Reuters) - French manufacturing contracted further in November as a drop in production and slower demand for goods hit the sector, a survey from S&P Global said on Monday.
The HCOB France final manufacturing Purchasing Managers' Index (PMI) fell to 47.8 points in November from 48.8 in October - exactly in line with an earlier, flash survey. A reading below 50 indicates contraction, while above 50 signals growth.
S&P Global's survey said demand for French goods had continued to weaken in November, extending the current sequence of decreasing factory orders to three-and-a-half years.
It added that French goods producers had cut output at a faster rate than in October, while employment within the manufacturing sector fell for the first time since April.
"French manufacturing conditions remained weak in November, even as exports rebounded," said Jonas Feldhusen, junior economist at Hamburg Commercial Bank AG.
"Price development adds further pressure. The HCOB PMI price data indicate that manufacturers face intense competition, containing output prices. Against this backdrop, margins are likely to compress," he added.
(Reporting by Sudip Kar-Gupta; Editing by Toby Chopra)
Factory orders are a measure of new orders placed with manufacturers for goods. A decline in factory orders suggests weakening demand and can indicate future economic challenges.
Employment opportunities in manufacturing refer to job openings available within the manufacturing sector. A decline in these opportunities can signal economic downturns or sectoral challenges.
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).
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