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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance PPI MoM fell to 1.0% in December 2024
FMPMonthlyReleased January 2025
France PPI MoM fell to 1.0% in December 2024, released January 2025, down 2.7% from November's 3.7% reading. The print came in hotter than the 0.5% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of -0.33%. Over the past 3 months, PPI MoM averaged 2.05%, vs 0.1% in the prior 3-month window. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
1
Actual
0.5
Consensus
3.7
Previous
Median Absolute Error
±0.7 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 1.6
Actual: 1
Error: +0.6
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PPI MoM (France) was reported at 1% in January 2025. This beat the market consensus of 0.5% by 0.5%. The reading fell from the previous value of 3.7%.
WHY IT MATTERS
The trailing three releases averaged 1.7%, up from the prior three at 0.1%.
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 0.7%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Services PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI MoM - FR
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About PPI MoM — France
DEFINITION
PPI MoM stands for Producer Price Index Month-over-Month and is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a one-month period. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by policymakers, investors, and businesses to make informed decisions. A higher PPI MoM indicates rising prices, while a lower PPI MoM suggests a decrease in prices, making it an essential tool for understanding the current state of the economy.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2024): actual 1 %, consensus 0.5 %. Prior reading (Nov 2024): 3.2 %. Before that (Oct 2024): 0.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - FR Events
| Wednesday, September 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:15 | FR | S&P Global Manufacturing PMI | 51.1 | 50.9 | 51.25 | Medium | |
| 07:15 | FR | S&P Global Services PMI | 48 | 48.5 | 49.45 | Medium | |
| 07:15 | FR | S&P Global Composite PMI | 48.5 | 49.1 | 49.90 | Medium | |
| Thursday, September 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:45 | FR | Business Climate Indicator | 98 | 97 | 96.50 | Low | |
| 06:45 | FR | Consumer Confidence | 86 | 85 | 85.50 | Medium | |
| 06:45 | FR | Business Confidence | 103 | 101 | 100.50 | Medium | |
| Friday, September 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:45 | FR | Non-Farm Payrolls QoQ | -0.1 | -0.1 | -0.1 | -0.10 | Low |