France Industry


Industrial output grows unexpectedly

In July, industrial output added 0.2% over the previous month in seasonally adjusted terms, which was up from the flat reading tallied in June. The monthly reading contrasted market expectations of a 0.5% drop. On an annual basis, industrial activity contracted 3.1% in July, which was down from the 2.5% decline observed in June. As a result, the trend remains in negative territory for the second consecutive month, with annual average variation in industrial production declining from minus 0.4% to minus 0.9%, the lowest level in over two years.


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France Industry Chart

France Industry July 2012

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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