French architecture in France

France Industry

France Industry

Industrial Production in France

The French economy recorded an average industrial production growth rate of 0.0% in the decade to 2024. In 2024, industrial production growth was -0.1%. For more industry information, visit our dedicated page.

France Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for France from 2018 to 2024.
Source: Macrobond.

France Industry Data

2020 2021 2022 2023 2024
Industrial Production (ann. var. %) -10.8 5.3 0.7 0.7 -0.1

Industrial activity drops at softer pace in May

Latest reading: Industrial output dropped 0.5% in month-on-month seasonally adjusted terms in May, which was above April's 1.4% decrease. Looking at the details of the release, May’s improvement was driven by a sharp rebound in energy production. In contrast, manufacturing plus mining and quarrying output posted weaker readings. On an annual basis, factory output fell at a more moderate rate of 0.9% in May (April: -1.9% yoy). Accordingly, the trend improved, with the annual average variation of industrial production coming in at minus 0.6%, up from April's minus 0.7%.

Consensus Forecasts and Projections for the next ten years

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 9 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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