France Industry

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France: Industrial production rebounds in June

August 8, 2014

In June, industrial production expanded a seasonally-adjusted 1.3% over the previous month. The reading contrasted May’s revised 1.6% contraction (previously reported: -1.7% month-on-month) and came in above market expectations of a 1.0% increase. June’s expansion was the strongest recorded since April 2013, although it benefited from a strong base effect. According to the Statistical Institute, the increase resulted from the rebounds registered in the manufacturing and construction sectors.

On an annual basis, industrial production contracted 0.4% in June, which was softer than the 3.4% drop tallied in May and marked the mildest contraction since November 2013. Annual average growth in industrial production was stable in June at May’s minus 0.8%.

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%.


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France Industry June 2014

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


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