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 2024 to 2017.
Source: Macrobond.
France Industry Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Industrial Production (ann. var. %) | -10.8 | 5.3 | 0.7 | 0.7 | 0.0 |
Industrial output rises most since 2020 in June
Latest reading: Industrial output rebounded 3.8% in month-on-month seasonally adjusted terms in June, which contrasted May's 0.7% decrease. June's result marked the best reading since July 2020 and far exceeded market expectations as companies caught up on accumulated delays and supply-chain constraints eased. The bounce back was largely driven by a notable recovery in manufacturing output. In addition, mining and quarrying production also rebounded, and energy supply grew at a faster rate. On an annual basis, factory output rose 2.0% in June (May: -1.1% yoy), the best result since May 2023. Moreover, the trend improved modestly, with the annual average variation of industrial production coming in at minus 0.4% in June, up from May's minus 0.6% reading.
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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