France Industrial production November 2020

France

France: Industrial activity falls at sharpest pace since April in November

January 8, 2021

Industrial output slid 0.9% in month-on-month seasonally-adjusted terms in November, which contrasted October's 1.9% increase. The outturn marked the worst reading since April. Looking at the details of the release, manufacturing output growth softened in November, while energy production contracted.

On an annual basis, industrial production fell at a more pronounced rate of 4.6% in November (October: -3.9% yoy). Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 10.3%, down from October's minus 9.8% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 6.8% in 2021, which is up 1.0 percentage point from last month’s forecast. For 2022, panelists see industrial output growth at 3.4%.


Author:, Economist

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France Industry November 20 20

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


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