Supply Chain Issues Slow French Manufacturing Growth in October: PMI

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Amazon trailer trucks are seen astatine  Cherbourg Harbour, France connected  Jan. 21, 2021. (Gonzalo Fuentes/Reuters)

Amazon trailer trucks are seen astatine Cherbourg Harbour, France connected Jan. 21, 2021. (Gonzalo Fuentes/Reuters)

PARIS—Supply concatenation issues deed France’s manufacturing assemblage successful October, wherever the slowdown successful growth came broadly successful enactment with archetypal forecasts, a monthly survey showed connected Tuesday.

Data compiler IHS Markit said its last purchasing managers’ scale for French manufacturing successful October fell to 53.6 points from 55.0 successful September, up a notch from an archetypal “flash” estimation of 53.5.

The scale remained supra the 50-point enactment dividing expansions successful enactment from contractions, but IHS Markit elder economist Joe Hayes said supply concatenation problems could proceed to measurement connected the sector.

IHS Markit added that manufacturing output had declined successful France for the archetypal clip since January arsenic a effect of problems with supplies of cardinal goods, caused partially by strict COVID-19 controls which person affected ports.

“Because firms cannot unafraid the inputs needed to marque their products, orders are present besides falling arsenic clients are facing lengthy delays connected orders oregon are incapable to get components and different items needed to crook semi-finished goods into finished goods,” said Hayes.

“It’s hard to ideate the concern improving immoderate clip soon. Prudent inventory absorption volition beryllium important for businesses hoping to support accumulation lines going,” helium added.

Reuters

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