France April final manufacturing PMI 52.8 vs 52.8 prelim

France's final April manufacturing PMI came in at 52.8 (confirming the preliminary reading), up from a prior 50.0, signalling a clear pickup in output and new orders — the strongest since H1 2022. The rise appears driven by client stockpiling ahead of expected price increases and availability concerns, while supply-chain disruptions and capacity constraints lifted backlogs to their steepest since Feb 2022. Input-cost inflation accelerated and selling prices rose at the fastest pace since Feb 2023, raising risks of broader inflation pressures. Market implications: the stronger PMI supports near-term activity expectations for French industry and could buoy France 40 and EUR sentiment, but rising inflation risks may complicate ECB policy outlook and weigh on risk assets if cost pressures persist.