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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Markit Manufacturing PMI fell to 54.8 in March 2022
FMPMonthlyReleased March 2022
France Markit Manufacturing PMI fell to 54.8 in March 2022, down 2.4 from February's 57.2 reading. The reading matched the 55 consensus. Markit Manufacturing PMI has now declined for 3 consecutive months. Over the past 3 months, Markit Manufacturing PMI averaged 56.28, vs 54.4 in the prior 3-month window. The reading is in the 23rd percentile of the trailing 24-month range.
Latest Release
54.8
Actual
55
Consensus
57.2
Previous
Median Absolute Error
±0.48
across last 12 releases
Last Call
Mar 2022
Predicted: 55.24
Actual: 54.8
Error: +0.44
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Bullish FR | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Manufacturing PMI (France) was reported at 54.80 in March 2022. This missed the market consensus of 55.00 by 0.20. The reading fell from the previous value of 57.20.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 56.53, up from the prior three at 55.53.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with CAC 40 (Bullish FR). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.48.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (May 27) and Unemployment Benefit Claims (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Manufacturing PMI - FR
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About Markit Manufacturing PMI — France
DEFINITION
Markit Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular country. It provides valuable insights into the health and growth of the economy by tracking changes in key factors such as production, new orders, employment, and supplier deliveries. This data is collected through surveys of purchasing managers in the manufacturing industry, making it a reliable and timely indicator of economic activity. Investors, policymakers, and businesses use Markit Manufacturing PMI to make informed decisions and stay ahead of market trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2022): actual 54.8, consensus 55. Prior reading (Feb 2022): 57.2. Before that (Feb 2022): 57.6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.