France Industrial production November 2021

France

France: Industrial activity dips in November

January 7, 2022

Industrial production fell 0.4% month-on-month in seasonally-adjusted terms in November (October: +0.9% s.a. mom). November's figure was partly due to a deterioration in manufacturing output. In contrast, mining and quarrying output rebounded.

On an annual basis, industrial output fell at a softer rate of 0.5% in November (October: -0.6% yoy). Accordingly, the trend improved, with the annual average growth of industrial production coming in at 5.6%, up from October's 5.2%.

FocusEconomics Consensus Forecast panelists project industrial output to grow 2.8% in 2022, which is up 0.1 percentage points from last month’s forecast. For 2023, panelists see industrial output growth at 2.1%.


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France Industry November 2021

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


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