Industry in France

France Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)1.5  0.6  2.4  0.4  0.4  

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France Industry Chart

France Industry
Note: Annual variation of industrial output in %.
Source: National Institute of Statistics and FocusEconomics calculations.

France Facts

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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