Industrial Production in France
France's economy recorded an average industrial production growth rate of -0.1% in the decade to 2022, below the 1.1% average for the Euro Area. In 2022, industrial production growth was -0.2%. For more industry information, visit our dedicated page.
France Industry Chart
France Industry Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | 0.7 | 0.5 | -10.8 | 5.3 | 0.1 |
Industrial output expands at quickest pace since May in December
Industrial production increased 1.1% month-on-month in seasonally adjusted terms in December (November: +0.5% mom). The result marked the best reading since May. The pickup was partly due to faster growth in manufacturing production. In addition, mining and quarrying output rebounded. On an annual basis, factory output rose at a faster rate of 0.9% in December (November: +0.4% yoy) Meanwhile, annual average growth of industrial production was unchanged coming in at November's 0.6% in December.
Charlotte de Montpellier, senior economist at ING, commented on the release: “From these figures, we can conclude that the French industrial sector continues to recover. After a very complicated 2023 overall, the end of the year was a little better and suggests that 2024 is beginning under better conditions. The worst is probably over.”
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for French industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our French industry projections.
Want to get access to the full dataset of French industry forecasts? Send an email to info@focus-economics.com.
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