France Industry January 2019

France

France: Industrial output rebounds in January

March 10, 2020

Seasonally- and working-day-adjusted industrial production rose 1.2% from the previous month in January, contrasting December’s 2.5% fall, which had marked the worst reading in six months. The upturn reflected an across-the-board rebound in output in in all three subcomponents of the index: manufacturing; mining and quarrying, energy, water supply and waste management; and construction.

On an annual basis, however, industrial production fell 2.8% (December: -3.0% year-on-year), while the annual average variation in industrial output logged minus 0.1%, contrasting December’s 0.3% outturn.

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 Chart


France Industry January 20 20

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


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