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France: Industrial production deteriorates in August

October 10, 2014

Industrial production growth was flat in August over the previous month, in seasonally-adjusted terms. The reading came in below the revised 0.3% expansion observed in July but overshot the 0.3% contraction that markets had expected. According to the Statistical Institute, the deterioration came on the back of a contraction in manufacturing output and a slowdown in mining and quarrying. Conversely, construction improved notably over the previous month.

On an annual basis, industrial production contracted 0.3% in August, which contrasted the 0.2% increase tallied in July. Annual average growth in industrial production inched up from July’s minus 0.7% to minus 0.5% in August.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 0.2% in 2014, which is down 0.4 percentage points from last month’s forecast. For 2015, participants expect industrial output to expand 1.6%.


Author:, Senior Economist

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France Industry August 2014 0

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


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