Manufacturing PMI 52.8 vs 52.8 prelim Prior 50.0 The final report reaffirms a pick up in both output and new orders, increasing at the fastest pace since 1H 2022.
Manufacturing PMI 52.8 vs 52.8 prelim Prior 50.0 The final report reaffirms a pick up in both output and new orders, increasing at the fastest pace since 1H 2022. All of this of course is linked to stockpiling as clients are rushing with advanced ordering in anticipation of price increases and availability issues.
So again, this comes with a caveat – much like the Spain report. The details are also less optimistic as French goods producers continued to widely report supply chain disruptions. Adding to that, capacity constraints are becoming more evident with the steepest rise in backlogs of work since February 2022.
And in terms of inflation pressures, there was another considerable uplift in the rate of input price inflation. Of note, selling prices also picked up by the most since February 2023. Trouble, trouble.