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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 1.5 | 0.6 | 2.4 | 0.4 | 0.4 |
France Industry Chart
Source: National Institute of Statistics and FocusEconomics calculations.
France Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.08 | 0.46 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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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.
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