The HCOB France Manufacturing Purchasing Managers' Index (PMI) exhibited a modest improvement at the start of 2026, indicating a slight uptick in the momentum of the manufacturing sector in France. The PMI, which acts as a critical gauge of manufacturing health, rose to 51.0 in January from 50.7 in December 2025. This uptick comes as a positive sign, affirming the industry's expansion as it surpassed the neutral 50 threshold.
December’s indicator of 50.7 had the market treading cautiously, having just been on the edge of contraction and expansion. The updated data released on 23 January 2026 confirms the continuation of this positive trajectory into the new year. While the increase is marginal, it could signal more sustainable growth in the future as economic conditions in France potentially stabilize.
The slight increase in the PMI could reflect strengthening demand, stabilized supply chains, or increased business activity, elements which, if sustained, might influence broader economic recovery efforts in France. Investors and policymakers will likely closely monitor upcoming months for evidence of continued growth momentum within this crucial sector of the French economy.
