France Industrial production September 2020

France

France: Industrial output growth gains steam in September

October 9, 2020

Industrial production increased 1.4% month-on-month in seasonally-adjusted terms in September (August: +1.1% mom). September's reading was largely driven by an improvement in manufacturing production. In contrast, mining and quarrying output fell from the previous month.

On an annual basis, industrial output dropped 6.0% in September, easing from August’s 6.4% fall and marking the best result since February. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 9.6% in September, down from August's minus 9.0% reading.

FocusEconomics Consensus Forecast panelists expect industrial output to grow 7.8% in 2021, which is down 0.5 percentage points from last month’s forecast. For 2022, panelists see industrial output growth at 2.8%, which is up 0.5 percentage points from last month’s forecast.


Author:, Economist

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France Industry September 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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