France EUR

France S&P Global Manufacturing PMI Final

Impact:
High
Source: S&P Global

Latest Release:

Date:
Big Surprise:
-0.4
| EUR
Actual:
47.3
Forecast: 47.7
Previous/Revision:
47.4
Period: Mar
What Does It Measure?
The France S&P Global Manufacturing PMI Final measures the overall health of the manufacturing sector in France, specifically focusing on key aspects such as production levels, new orders, supplier delivery times, and employment. This index is derived from surveys of purchasing managers across the manufacturing industry, providing insights into current economic conditions and trends.
Frequency
The S&P Global Manufacturing PMI for France is released monthly, typically on the first business day of the following month and is produced as a final figure after reflecting any necessary revisions.
Why Do Traders Care?
Traders monitor the PMI closely because it serves as a critical indicator of economic activity; a reading above 50 indicates expansion while a reading below signifies contraction. Stronger-than-expected results can boost investor confidence, positively influencing the euro and equity markets, while disappointing figures may result in bearish sentiment for both currencies and stocks.
What Is It Derived From?
The PMI is derived from a survey conducted among purchasing managers in the manufacturing sector, with a focus on various metrics such as production, new orders, and employment levels. This survey typically includes a substantial number of respondents, and the results are aggregated to produce a diffusion index which reflects the overall economic sentiment within the manufacturing industry.
Description
The France S&P Global Manufacturing PMI Final report provides valuable insight into the manufacturing sector's performance and is often considered a coincident indicator, reflecting current economic conditions. It is particularly important for assessing short-term economic trends and can influence monetary policy decisions and market sentiment.
Additional Notes
As a coincident economic measure, the Manufacturing PMI Final can provide timely insights into the economy's direction while offering a contrast to lagging indicators like GDP. It is often used in conjunction with other indicators, such as services PMI and industrial production, to gain a holistic view of economic performance in France and its implications for the Eurozone.
Bullish or Bearish for Currency and Stocks
If the final PMI reading is higher than expected, it can be classified as bullish for the euro and bullish for stocks, indicating robust economic health. Conversely, a lower-than-expected reading would be bearish for both the euro and stocks, suggesting potential weaknesses in the manufacturing sector.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Apr 03, 2023
47.3
 47.7
47.4
-0.4
Mar 01, 2023
47.4
 47.9
50.5
-0.5
Feb 01, 2023
50.5
 50.8
49.2
 -0.3
Jan 02, 2023
49.2
 48.9
48.3
 0.3
Dec 01, 2022
48.3
 49.1
47.2
-0.8
Nov 02, 2022
47.2
 47.4
47.7
 -0.2
Oct 03, 2022
47.7
 47.8
50.6
 -0.1
Sep 01, 2022
50.6
 49
49.5
1.6
Aug 01, 2022
49.5
 49.6
51.4
 -0.1
Jul 01, 2022
51.4
 51
54.6
0.4
Jun 01, 2022
54.6
 54.5
55.7
 0.1
May 02, 2022
55.7
 55.4
54.7
0.3
Apr 01, 2022
54.7
 54.8
57.2
 -0.1