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
|Industrial Production (ann. var. %)||0.7||0.6||-10.6||5.7||-0.1|
Industrial activity drops again in September
Industrial output dropped 0.5% month-on-month in seasonally-adjusted terms in September (August: -0.1% mom). September's reading was largely due to a bigger contraction in manufacturing production. In addition, mining and quarrying production fell. On an annual basis, industrial output dropped 0.1% in September, a smaller contraction than August’s 0.3% fall. Meanwhile, annual average industrial production growth fell to 0.3% in September (August: +0.4%). This signals a worsening trend in the industrial sector.
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.
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