France Industry November 2019


France: Industrial output loses traction in November

January 10, 2020

Seasonally-adjusted industrial production rose 0.3% month-on-month in November, down from a revised 0.5% increase in October (previously reported: +0.4% month-on-month). The slowdown was chiefly led by a dip in manufacturing activity. That said, rebounds in mining output, utilities supply and construction activity supported the headline print.

On an annual basis, industrial production rose 1.3%, rebounding from October’s revised 0.1% drop (previously reported: -0.4% year-on-year). Meanwhile, the annual average variation in industrial production logged 0.4%, up from a revised 0.1% in the previous month (previously reported: 0.0%).

FocusEconomics Consensus Forecast panelists expect industrial output growth at 0.4% in 2020, which is down 0.1 percentage points from last month’s forecast. For 2021, panelists expect industrial output growth at 1.1%.

Author:, Economist

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France Industry Chart

France Industry November 2019

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

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