France Industry September 2016

France

France: Industrial production declines in September

November 10, 2016

In September, industrial production contracted 1.1% over the previous month, contrasting the solid 2.3% expansion recorded in August. The print, which marks a seven-month low, matched market expectations. September’s reading reflects a broad-based contraction in all components of the index, with the component comprising mining and quarrying, energy, water supply and waste management dropping the most.

In annual terms, industrial output swung from a revised 0.4% expansion in August (previously reported: +0.5% year-on-year) to a 1.1% decline in September. Annual average growth in industrial production edged down from 1.0% in August to 0.8% in September.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 0.4% in 2016, which is unchanged from last month’s forecast. For 2017, participants expect industrial output to accelerate to a 1.2% expansion, which is also unchanged from last month’s forecast.


Author: Jean-Philippe Pourcelot, Economist

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France Industry September 2016

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


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