Industry in France
France - Industry
Industrial output shrinks at the fastest pace ever recorded in March
Seasonally- and working-day-adjusted industrial production fell 16.2% over the previous month in March, contrasting February’s 0.8% increase and marking the sharpest rate of contraction in the index’s history. All sub-components shrank dramatically as a result of the lockdown measures enacted by the government to curtail the spread of Covid-19.
Similarly, on an annual basis, industrial production dropped 17.3% (February: -1.7% year-on-year), while the annual average variation in industrial output logged minus 1.7%, down from February’s minus 0.3%.
FocusEconomics Consensus Forecast panelists expect industrial output to contract 8.7% in 2020, which is down 2.9 percentage points from last month’s forecast. For 2021, panelists expect industrial output growth at 4.9%.
France - Industry Data
|Industrial Production (annual variation in %)||1.5||0.6||2.4||0.4||0.4|
5 years of economic forecasts for more than 30 economic indicators.
France Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
|Bond Yield||0.08||0.46 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 3, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 51.7 in June, after May’s 32.1.
June 30, 2020
In June, consumer prices edged down 0.1%, contrasting a 0.1% increase in May according to a preliminary release by the Statistical Institute (INSEE).
June 26, 2020
In June, consumer sentiment rose to 97 from 93 in May, according to the Statistical Institute (INSEE).
June 24, 2020
In June, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose to 77 from 71 in May.
June 23, 2020
The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) rose to 51.3 in June, after May’s 32.1.