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Manufacturing Confidence Lower Again, Signals Soft PMI

FRANCE DATA
MNI (London)

FRANCE SEP MANUF. CONFIDENCE 102 (FCST 102); AUG 103r

  • A third consecutive decline in manufacturing sentiment was recorded in September. At 102, the index remains above the long-term average.
  • Themes of waning demand and deteriorating production expectations were noted as economic uncertainty spreads across the euro area.
  • A minor uptick in price expectations hints that headline PPI may have stalled in September.
  • This data comes ahead of the prelim manufacturing PMI due tomorrow which is forecast to decline by one point and dip into contraction territory.

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FRANCE SEP MANUF. CONFIDENCE 102 (FCST 102); AUG 103r

  • A third consecutive decline in manufacturing sentiment was recorded in September. At 102, the index remains above the long-term average.
  • Themes of waning demand and deteriorating production expectations were noted as economic uncertainty spreads across the euro area.
  • A minor uptick in price expectations hints that headline PPI may have stalled in September.
  • This data comes ahead of the prelim manufacturing PMI due tomorrow which is forecast to decline by one point and dip into contraction territory.