France Industry December 2019

France

France: Industrial output plummets at the quickest pace in almost two years in December

February 7, 2020

Seasonally-adjusted industrial production fell 2.8% from the previous month in December, after seeing no growth in November and marking the lowest reading in 23 months. The downturn chiefly reflected the effects of country-wide strikes over the economy. The manufacturing, mining, construction and utilities supply sectors all contracted in the last month of last year.

On an annual basis, industrial production plummeted 3.0%, contrasting a revised 0.9% rebound in the previous month (previously reported: +1.3% year-on-year). Meanwhile, annual average growth in industrial production logged 0.3% in December, down from 0.4% in November.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 0.4% in 2020, which is unchanged from last month’s forecast. For 2021, panelists expect industrial output growth at 1.0%.


Author:, Economist

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France Industry December 2019

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


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