France Industrial production June 2022

France

France: Industrial output grows at fastest pace since January in June

August 5, 2022

Industrial production increased 1.4% month-on-month in seasonally-adjusted terms in June (May: +0.2% mom). The print marked the best result since January. The rise was partly driven by faster growth in manufacturing production. In contrast, mining and quarrying production weakened.

On an annual basis, industrial output rebounded, rising 1.4% in June (May: -0.3% yoy). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 0.6%, down from May's 1.0% reading.

FocusEconomics Consensus Forecast panelists project industrial output to grow 0.2% in 2022, which is down 0.4 percentage points from last month’s forecast. For 2023, panelists see industrial output growth at 0.8%.


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France Industry June 2022 0

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


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