France Industry December 2017


France: Industrial output rebounds in December

February 9, 2018

Industrial production expanded 0.5% in month-on-month terms in December, contrasting the revised 0.3% decrease observed in November (previously reported: -0.5% month-on-month). December’s print was supported by a broad-based expansion in all three main components of the index. Construction activity rebounded from a 0.2% month-on-month contraction in November to a 4.1% month-on-month increase in December, and the manufacturing component grew 0.3% in December (November: -0.8% month-on-month). December’s headline print significantly exceeded market analyst expectations of a 0.1% expansion.

In annual terms, growth in industrial production came in at 4.5% in December, a marked acceleration from November’s 2.5% increase. Meanwhile, annual average growth in industrial production edged up from 2.0% in November to 2.3% in December.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 1.4% in 2018, which is up 0.2 percentage points from last month’s forecast. For 2019, participants also expect industrial output to expand 1.4%.

Author: Jean-Philippe Pourcelot, Economist

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France Industry Chart

France Industry December 2017

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

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