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France: Industrial output continues to drop in October

December 10, 2012

In October, industrial output fell 0.7% over the previous month in seasonally adjusted terms, which followed the 2.7% plunge tallied in September. The monthly drop defied market expectations, which had industrial production rebounding to a 0.3% expansion, and was driven by a further decline in manufacturing production.

On an annual basis, industrial activity contracted 3.6% in October, which was down from the 2.5% drop observed in September and marked the lowest level in five months. Accordingly, annual average variation in industrial production declined from minus 1.6% in September to minus 2.0%.


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France Industry Chart


France Industry October 2012

Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: National Institute of Statistics and Economic Studies (INSEE) and FocusEconomics calculations.


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