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France: Industrial production rebounds in May

July 10, 2015

In May, industrial production grew 0.4% over the previous month, rebounding from the 0.8% contraction tallied in April. The result marked a three-month high and was in line with market expectations. The increase reflected expansions in both manufacturing and construction sectors.

In annual terms, industrial output grew 2.8% in May, which was significantly above the mild 0.2% increase recorded in April and marked the highest increase since August 2011.

As a consequence, the annual average variation in industrial production increased from minus 0.4% in April to plus 0.1% in May, thus hitting an over-three-year high.

FocusEconomics Consensus Forecast panelists expect industrial production to expand 0.7% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, participants expect industrial output to accelerate to a 1.8% expansion.


Author:, Economist

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France Industry Chart


France Industry May 2015

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


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