France Industrial production September 2022


France: Industrial activity dips in September

November 4, 2022

Industrial output decreased 0.8% month on month in seasonally-adjusted terms in September (August: +2.7% mom). Looking at the details of the release, September's drop was largely broad-based: Manufacturing plus mining and quarrying production all declined. Construction activity was the only subsector to increase in the month.

On an annual basis, industrial output rose at a faster rate of 1.8% in September (August: +1.5% yoy), the best result since February. Moreover, the trend improved, with the annual average variation of industrial production coming in at 0.1%, up from August's 0.0%.

FocusEconomics Consensus Forecast panelists project industrial output to shrink 0.1% in 2023, which is down 0.3 percentage points from last month’s forecast, and to grow 2.2% in 2024.


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France Industrial production Chart

France Industry September 2022

Note: Year-on-year and month-on-month changes of industrial production index in %.
Source: French Statistics Institute (INSEE).

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