France Industry September 2018

France

France: Industrial output shrinks in September

November 9, 2018

In seasonally-adjusted terms, industrial output contracted 1.8% month-on-month in September, following a modest 0.2% uptick in August (previously reported: +0.3% month-on-month s.a.). September’s reading was driven primarily by a sharp fall in manufacturing, mainly in the transport equipment, and machinery and equipment categories.

On an annual basis, industrial output decreased 1.1% in September, contrasting a 1.5% increase in August. This sent annual average growth down to 2.1% from 2.5% a month earlier.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 1.7% in 2019, which is unchanged from last month’s forecast. For 2020, panelists project industrial output growth at 1.4%.


Author:, Economist

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France Industry September 2018

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


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