France Industry


France: Industrial production shrinks in March

May 7, 2015

In March, industrial production contracted 0.3%, which came in below the revised 0.5% expansion tallied in February (previously reported: 0.0% month-on-month). The result marked a five-month low and undershot the flat reading the markets had expected. The contraction mainly reflected a slowdown in the manufacturing sector, which was partially offset by a rebound in the construction sector.

Annual figures were more positive as industrial output rose 1.3% in March, a slight increase from the 1.2% reading recorded in February, which had marked the largest expansion in over a year.

The annual average variation in industrial production inched up to minus 0.7% in March from minus 0.8% in February, thus hitting a five-month 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 March 2014

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

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