France Industrial production December 2020

France

France: Industrial output drops at sharpest rate since April in December

February 10, 2021

Industrial output slid 0.8% in month-on-month seasonally-adjusted terms in December, following November's 0.7% decrease. December's result marked the worst reading since April. December's sharper drop was partly driven by a sharper contraction in manufacturing production which fell at the sharpest pace in eight months. In addition, mining and quarrying output also declined.

On an annual basis, industrial output fell at a softer pace of 3.0% in December (November: -4.5% yoy), marking the best result since February. Meanwhile, annual average variation of industrial production came in at minus 10.3% in December, mirroring November's figure.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 7.1% in 2021, which is up 0.3 percentage points from last month’s forecast. For 2022, panelists see industrial output growth at 3.4%.


Author:, Economist

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France Industry December 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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