French S&P Global Manufacturing PMI Final (Oct) 49.5 vs. Exp. 49.3 (Prev. 50.6)
ORIGINAL · NewsquawkFrench S&P Global Manufacturing PMI Final (Oct) 49.5 vs. Exp. 49.3 (Prev. 50.6)Read originalHide original
"Sharply rising cost pressures due to continued supply-related disruptions and high energy prices limit firms' ability to price their goods more competitively". "Decreases in employment, purchasing activity and inventories show that firms are pursuing cost-cutting strategies as the global energy crisis and related geopolitical headwinds remain at large".
The October final PMI was 49.5; the report cites supply and energy cost pressures, constrained pricing, and cost-cutting reflected in lower employment, purchasing activity and inventories.
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"Sharply rising cost pressures due to continued supply-related disruptions and high energy prices limit firms' ability to price their goods more competitively". "Decreases in employment, purchasing activity and inventories show that firms are pursuing cost-cutting strategies as the global energy crisis and related geopolitical headwinds remain at large".
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