French architecture in France

France Industrial production April 2020

France: Industrial output contracts at sharpest pace on record in April

Industrial production fell 20.1% month-on-month in working-day and seasonally-adjusted terms in April (March: -16.2% mom). April’s figure marked the worst reading on record.

Looking at the details of the release, the contraction in manufacturing output widened in April, while mining and quarrying output also declined at a more pronounced rate. Construction sector output contracted at a softer pace, while energy output dropped.

On an annual basis output dived 34.2% in April, which was significantly below March’s 17.3% fall. The reading marked the worst result on record. Accordingly, the trend pointed down, with the annual average variation of industrial production coming in at minus 4.7% in April, down from March’s minus 1.7%.

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