France Industrial production August 2021

France

France: Industrial output records quickest growth since January in August

October 5, 2021

Industrial output rose 1.0% in month-on-month seasonally-adjusted terms in August, which was above July's 0.5% increase. August's figure marked the strongest increase since January. The upturn was primarily driven by a pickup in manufacturing and mining and quarrying production.

On an annual basis, industrial production increased 3.9% in August, which was below July’s 4.0% expansion and marked the worst result since February. Meanwhile, annual average industrial production growth rose to 4.1% in August (July: +3.1%). This signals an improving trend in the industrial sector.

FocusEconomics Consensus Forecast panelists project industrial output to grow 7.0% in 2021, which is down 0.4 percentage points from last month’s forecast. For 2022, panelists see industrial output growth at 3.7%, which is up 0.2 percentage points from last month’s forecast.


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France Industry August 2021

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


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