France's manufacturing confidence falls to lowest level since 2020

France's manufacturing climate indicator dropped to 92.4 in October 2024, down from 99.1 the previous month and missing market expectations 98.

France's manufacturing confidence falls to lowest level since 2020

This marks the lowest level since November 2020, further distancing itself from the long-term average of 100. Manufacturers expressed increased pessimism about overall order books (-26 vs. -18 in September) and foreign order books (-23 vs. -9).

France's manufacturing outlook worsens as economic uncertainty rises

Assessments of general production expectations worsened (-12 vs. -11), while outlooks for personal production (-3 vs. 6) and workforce changes (-2 vs. 1) also turned hostile. Perceived economic uncertainty rose sharply to 26, from 20 in the prior month. On a positive note, expectations for selling price trends improved (6 vs. 2).