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France Industrial production March 2023

France: Industrial activity deteriorates in March

Industrial production dropped 1.1% month-on-month in seasonally-adjusted terms in March (February: +1.4% mom). The reading reflected a broad-based downturn across the major sectors, with manufacturing, mining and quarrying and energy all contracting in March.

On an annual basis, industrial output fell 0.1% in March (February: +0.9% yoy). Meanwhile, the trend with the annual average variation of industrial production coming in at minus 0.2% in March, February’s minus 0.2% reading.

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