France Industry July 2019

France

France: Industrial output edges up in July

September 10, 2019

Seasonally-adjusted industrial output increased 0.3% month-on-month in July, contrasting the 2.3% drop recorded in June. Notably, a rise in manufacturing output largely drove June’s upturn. Meanwhile, mining, quarrying and utilities production, as well as construction output, contracted.

On an annual basis, industrial production fell 0.2% in July (June: -0.1% year-on-year). Meanwhile, the annual average variation in industrial production inched down to 0.1% in July, from 0.2% a month prior.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 1.4% in 2019, which is up 0.3 percentage points from last month’s forecast. For 2020, panelists expect industrial output growth at 1.0%.


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France Industry July 2019

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


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