In January, industrial production contracted a seasonally-adjusted 0.2% over the previous month. The reading marked an improvement compared to December's revised 0.6% contraction (previously reported: -0.3% month-on-month), but contrasted the 0.5% expansion the market had expected. According to the French Statistics Institute, the monthly fall was the result of a contraction in mining and quarrying, energy, water supply and waste management, which more than offset the expansion tallied in the coke and refined petroleum products. On an annual basis, industrial output swung from the revised 0.3% expansion recorded in December (previously reported: +0.5% year-on-year) to a 0.1% contraction in January. Annual average growth in industrial production edged up from minus 0.5% in December to minus 0.3% in January and reached the highest level since April 2012. FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.0% in 2014, which is down 0.2 percentage points from last month's forecast. For 2015, participants expect industrial output to expand 1.9%.
Industrial production contracts less in January
March 10, 2014
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France Industry Chart
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.
France Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) dropped from a revised 52.7 (previously reported: 53.3) in September to 52.2 in October.
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The French economy contracted in the second quarter.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.