Free Trial

Weakening Manufacturing Sentiment Reflects Muted Demand

MNI (London)


  • French manufacturing confidence dipped below the long-term average in May, weakening by two points to 99 against expectations of holding steady.
  • This was the third consecutive month of deteriorating sentiment. Past production levels alongside weakening order books contributed to the decline, the latter highlighting that weak demand conditions prevail. Firms judged production outlooks to have worsened in May.
  • Expected prices charged eased again substantially for the industry, dipping to below the long-term average. Lower raw material prices, easing supply chains and soft demand are underpinning lower prices charged, implying PPI will continue to decelerate.
  • Despite the small May uptick, the French manufacturing PMI has signalled contraction for a year now. This, alongside faltering manufacturing confidence, means overall outlooks for the French manufacturing sector appear stagnant for now.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.