France Industry June 2017

France

France: Industrial output drops in June

July 7, 2017

Industrial production swung from the strong 1.9% increase observed in May to a 1.1% decline. The drop in industrial output reflects a broad-based drop in all components of the index with mining and quarrying; energy; water supply; waste management logging the sharpest drop followed by manufacturing and construction.

In annual terms, growth in industrial production moderated from May’s 18-month high of 3.1% to 2.6% in June. Meanwhile, annual average growth in industrial production edged up from May’s 0.3% to 0.6% in June.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.2% in 2017, which is up 0.3 percentage points from last month’s forecast. For 2018, participants expect growth in industrial output to accelerate to a 1.3% expansion.


Author: Jean-Philippe Pourcelot, Economist

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France Industry June 2017 1

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


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