France Industry July 2018

France

France: Industrial output ticks higher in July

September 7, 2018

In seasonally-adjusted terms, industrial output rose 0.7% month-on-month in July, in line with June’s reading. Manufacturing was behind the summertime momentum as transport-equipment and machinery output accelerated.

On an annual basis, industrial output grew steadily from a year earlier, expanding 1.8% in July (June: 1.9% year-on-year). Meanwhile, annual average growth ticked down to 2.5% from 2.7% in June.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 1.1% in 2018, which is unchanged from last month’s forecast. For 2019, panelists forecast industrial output growth at 1.4%.


Author:, Economist

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France Industry July 2018 1

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


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