France Industry April 2019

France

France: Industrial output ticks up in April

June 7, 2019

Seasonally-adjusted industrial output expanded 0.4% month-on-month in April, on the heels of a revised 1.1% month-on-month contraction in March (previously reported: -0.9% month-on-month s.a.). Output gains in the mining, quarrying and utilities sector were offset by output losses in the construction sector. Manufacturing output, meanwhile, was roughly stable from March.

On an annual basis, industrial output rose 1.1% in April (March: -0.7% year-on-year). Meanwhile, annual average variation was stable from March at minus 0.1%.

FocusEconomics Consensus Forecast panelists expect industrial output growth at 1.2% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, panelists expect industrial output growth at 1.1%.


Author:, Economist

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France Industry April 2019

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


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