France Industrial production April 2022

France

France: Industrial activity drops again in April

June 7, 2022

Industrial output dropped 0.1% month-on-month in seasonally-adjusted terms in April (March: -0.4% mom). The smaller drop came on the back of stronger energy production. Meanwhile, manufacturing production lost pace.

On an annual basis, industrial production fell 0.3% in April (March: +0.1% yoy). Meanwhile, annual average industrial production growth fell to 2.6% in April (March: +5.3%). This signals a worsening trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project industrial output to grow 1.4% in 2022, which is down 0.5 percentage points from last month’s forecast. For 2023, panelists see industrial output growth at 2.3%.


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France Industry april 2022

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


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