France Industry February 2017

France

France: Industrial output drops for third consecutive month in February

April 10, 2017

In February, the contraction in industrial production sharpened from a revised 0.2% month-on-month (previously reported: -0.3% month-on-month) contraction in January to a steep 1.6% decline. The reading, which marks the third consecutive drop in output and the worst print in five months, was worse than market analysts’ expectation of a 0.1% increase. The decline in industrial output reflects how a drop in the manufacturing and the mining and quarrying, energy, water supply and waste management components more than offset a strong expansion in construction.

In annual terms, industrial production dropped 0.7% in February, coming in below the revised 0.2% decline observed in the preceding month (previously reported: -0.4% year-on-year). Meanwhile, annual average growth in industrial production edged down from a flat reading in January to a 0.1% decline in February, marking an almost two-year low.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.2% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, participants expect industrial output to accelerate to a 1.5% expansion.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

Looking for forecasts related to Industry in France? Download a sample report now.

Download

France Industry Chart


France Industry February 2017

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


France Economic News

  • France: Inflation ticks down in March

    April 15, 2019

    On 11 April, the Statistical Institute (INSEE) reported that consumer prices rose 0.8% from a month earlier in March (February: +0.0% month-on-month).

    Read more

  • France: Private-sector activity deteriorates in March

    April 3, 2019

    In March, the seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dipped back below the 50.0-point threshold, landing at 48.9 points from 50.4 points a month earlier and signaling a deterioration in private-sector activity. March’s reading reflected a drop in output across both the manufacturing and services sectors.

    Read more

  • France: Consumer confidence inches up in March

    March 27, 2019

    Consumer confidence recovered further in March, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 1 point from February to land at 96 points.

    Read more

  • France: Business confidence stabilizes through Q1

    March 26, 2019

    In March, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was roughly stable from a month earlier at 102 points (February: 103 points).

    Read more

  • France: Private-sector activity contracts in March

    March 22, 2019

    In March, the seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) dipped back below the 50.0-point threshold, landing at 48.7 points from 50.4 points a month earlier and signaling a contraction in private-sector activity. March’s reading reflected falling output across both the manufacturing and services sectors.

    Read more

More news

Search form