France Industry


Industrial output drops in March

In March, industrial output fell 0.9% over the previous month in seasonally adjusted terms, which contrasted the 0.8% increase tallied in February. The contraction exceeded market expectations of a 0.3% drop, and was mainly the result of a deterioration in both manufacturing and construction.

On an annual basis, industrial activity contracted 2.5% in March, which represented an improvement over the 2.9% drop observed in February. Nonetheless, the trend now points downwards, as annual average variation in industrial production inched down from minus 2.5% in February to minus 2.6% in March.

FocusEconomics Consensus Forecast panellists see industrial production dropping 0.5% in 2013, which is down 0.2 percentage points from last month's forecast. For next year, panellists expect an expansion of 1.3%.


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France Industry Chart

France Industry March 2013

Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: National Institute of Statistics and Economic Studies (INSEE) and FocusEconomics calculations.

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