France's manufacturing sector remains in contraction

[French flag with Eiffel Tower in the background]
querbeet

* The seasonally adjusted HCOB France Manufacturing PMI reported at 48.8, marginally higher than September's 48.2, and above estimates of 48.3.
* Key findings include the following: factory output falls markedly as new orders decrease again; manufacturers anticipate lower production levels over the next 12 months; competitive pressures drive further discounting of prices charged.
* "The ongoing political crisis continues to act as a drag on the French economy, fuelling uncertainty across the country’s business landscape. The HCOB Manufacturing PMI remains below the growth threshold, indicating that France’s manufacturing sector remains stuck in contraction. This ongoing trend is underscored by the fact that output declined in all main manufacturing sub-sectors," said [https://www.pmi.spglobal.com/Public/Home/PressRelease/0ec69380ab574ce7ac3a603aeb931d91] Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank.
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