FX.co ★ France Manufacturing Returns to Contraction in October

The S&P Global France Manufacturing PMI slipped to 49.3 in October 2026 from 50.6 in September, returning to contraction territory after two months of expansion and marking an 11‑month low, according to preliminary estimates. The reading also undershot market expectations of 50.5, as the manufacturing output index fell to 48.5 from 50.3, indicating a renewed downturn in production. Activity was hampered by softer demand and heightened economic uncertainty, while deteriorating supply-chain conditions pushed manufacturing price pressures higher.