France Industry June 2019

France

France: Industrial output sinks to over-one-year low in June

August 9, 2019

Seasonally-adjusted industrial output contracted 2.3% month-on-month in June, an over-year low, contrasting a 2.0% increase in May. Notably, a drop in manufacturing output drove June’s downturn. Moreover, the mining and utilities sectors contracted as well.

On an annual basis, industrial output saw no growth in June (May: +3.9% year-on-year). Meanwhile, the annual average variation in industrial production edged down to 0.2% in June, from 0.3% a month prior.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 1.1% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect industrial output growth at 1.0%.


Author:, Economist

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France Industry June 2019 0

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


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