France Industry September 2019

France

France: Industrial output contracts at a softer pace in September

November 8, 2019

Seasonally-adjusted industrial production rose 0.3% month-on-month in September, contrasting August’s 0.9% decline. The recovery was driven by a rebound in manufacturing output and upbeat construction activity.

On an annual basis, industrial production fell 0.4% after falling 1.4% in August which had marked an eight-month low. Meanwhile, the annual average variation in industrial production was flat in September, edging up from a minus 0.1% print logged a month prior.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 0.6% in 2020, which is unchanged from last month’s forecast. For 2021, panelists expect industrial output growth at 1.2%.


Author:, Economist

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France Industry September 2019 0

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


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