Industry in France
France - Industry
Industrial output shrinks at the fastest pace ever recorded in March
Seasonally- and working-day-adjusted industrial production fell 16.2% over the previous month in March, contrasting February’s 0.8% increase and marking the sharpest rate of contraction in the index’s history. All sub-components shrank dramatically as a result of the lockdown measures enacted by the government to curtail the spread of Covid-19.
Similarly, on an annual basis, industrial production dropped 17.3% (February: -1.7% year-on-year), while the annual average variation in industrial output logged minus 1.7%, down from February’s minus 0.3%.
FocusEconomics Consensus Forecast panelists expect industrial output to contract 8.7% in 2020, which is down 2.9 percentage points from last month’s forecast. For 2021, panelists expect industrial output growth at 4.9%.
France - Industry Data
|Industrial Production (annual variation in %)||1.5||0.6||2.4||0.4||0.4|
5 years of economic forecasts for more than 30 economic indicators.
France Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 27, 2023
Consumer confidence fell to 80.0 in January from December's 81.0, meaning the index remained below the 100-threshold, indicating pessimism among consumers. The slightly lower print was driven by households’ worsened appraisals of their personal situations: Households’ sentiment regarding their past and future financial situations worsened, as well as that regarding current and future saving opportunities.
January 24, 2023
Business confidence among manufacturing firms rose to 103.1 in January from December's 102.1.
January 24, 2023
The S&P Global Flash Composite Purchasing Managers’ Index (PMI) came in at 49.0 in January, down from December's 49.1, marking its third straight month in contractionary territory.
January 13, 2023
Harmonized inflation came in at 6.7% in December, down from November’s 7.1%.
January 10, 2023
Industrial output increased 2.0% in month-on-month seasonally adjusted terms in November, which contrasted October's 2.5% decrease.