French manufacturing slows

Posted on 21 Apr 2018 and read 523 times
French manufacturing slowsIn March, French manufacturing grew at the slowest pace in a year, as customer demand weakened in the face of a stronger euro and bad weather, according to IHS Markit’s purchasing managers’ index (PMI), which fell to 53.7 (from 55.9 in February).

This figure brought the index closer to the 50-point line dividing expansion in activity from contraction, although it was marginally higher than a preliminary reading of 53.6.

The flow of new orders and the back-logs of work already on order both grew at the slowest pace since February 2017, but companies only marginally slowed their hiring.

IHS Markit (www.ihsmarkit.com) economist Alex Gill said: “Weaker client demand can be at least partially attributed to poor weather conditions and a strong euro.

“Taken together, the data suggest a moderation from the rates of growth that we saw in much of 2017. At 53.7 in March, however, the headline PMI remains firmly in expansionary territory and consistent with a positive contribution of the sector to GDP for the first quarter.

“France saw ‘unexpectedly cold’ weather as well as snow in March, and the euro has been trading around a three-year high since the start of the year, which makes French goods more expensive to buyers outside the euro zone.”

Be seen in all the right places!

Steelfab 2019 Future Engineering Ireland Southern Manufacturing 2019 Expo Manufactura 2019 TIMTOS 2019 WIN Eurasia 2019 Intermach / MTA 2019 Metaltech 2019 EMO 2019 MACH 2020