Industry in France
France - Industry
Industrial output falls to an eight-month low in August
Seasonally-adjusted industrial production decreased 0.9% month-on-month in August, contrasting the 0.3% expansion recorded in July. The fall was driven by a contraction in manufacturing output, as well as in mining, quarrying and utilities supply.
On an annual basis, industrial production fell 1.4%, an eight-month low, after seeing no growth in July. Meanwhile, the annual average variation in industrial production decreased to minus 0.1% in August, contrasting the 0.1% increase logged a month prior.
FocusEconomics Consensus Forecast panelists expect industrial output growth at 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists expect industrial output growth at 0.8%, which is unchanged from last month’s projection.
France - Industry Data
|Industrial Production (annual variation in %)||-0.4||-1.2||1.5||0.5||2.3|
5 years of economic forecasts for more than 30 economic indicators.
France Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||-0.37||0.46 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||5,532||-0.29 %||Sep 04|
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October 18, 2019
On 27 September, the French government presented its draft 2020 budget, which estimates a deficit of 2.2% of GDP. This is well below the 3.1% of GDP projected this year and would mark the lowest deficit since 2001; however, it is still short of the previously planned 2.0% of GDP shortfall, while the marked reduction of the deficit stems from the absence of a one-off accounting cost owing to the transition to a new tax scheme.
October 15, 2019
Consumer prices fell 0.3% month-on-month in September, contrasting August’s 0.5% rebound, according to the Statistical Institute (INSEE).
October 10, 2019
Seasonally-adjusted industrial production decreased 0.9% month-on-month in August, contrasting the 0.3% expansion recorded in July.
October 3, 2019
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) fell to 50.8 in September from 52.9 in August, which presented a nine-month high.
September 27, 2019
Consumer prices fell 0.3% month-on-month in September, contrasting August’s 0.5% increase, according to the the Statistical Institute (INSEE).