France Industry March 2019

France

France: Industrial output falls in March

May 10, 2019

Industrial output contracted 0.9% month-on-month and in seasonally-adjusted terms in March, on the heels of a revised 0.1% month-on-month expansion in February (previously reported: +0.4% month-on-month s.a.). A pullback in manufacturing drove the downturn, although all major categories suffered losses.

On an annual basis, industrial output fell 0.9% in March (February: +0.5% year-on-year). Meanwhile, annual average variation ticked down to minus 0.1% from 0.2% in February.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 1.4% in 2019, which is up 0.4 percentage points from last month’s forecast. For 2020, panelists expect industrial output growth at 1.2%.


Author:, Economist

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France Industry Chart


France Industry March 2019

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


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