France Industrial production September 2021

France

France: Industrial activity contracts at sharpest rate since February in September

November 10, 2021

Industrial output slid 1.3% in month-on-month seasonally-adjusted terms in September, which contrasted August's 1.0% increase. The result marked the worst reading since February. The reading reflected a broad-based downturn across the major sectors, with manufacturing, mining and quarrying and energy all contracting in September.

On an annual basis, industrial production grew 0.8% in September, which was notably below August’s 3.8% expansion and marked the worst result since February. Meanwhile, the trend improved sizably, with the annual average growth of industrial production coming in at plus 4.8% in September, up from August's 4.1%.

FocusEconomics Consensus Forecast panelists project industrial output to grow 3.0% in 2022, which is down 0.7 percentage points from last month’s forecast. For 2023, panelists see industrial output growth at 2.1%.


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France Industry September 2021

Note: Year-on-year and month-on-month changes of industrial production index in %.
Source: French Statistics Institute (INSEE).


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