France Industry

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France: Industrial output rebounds stronger than expected

January 10, 2013

In November, industrial output rose 0.5% over the previous month in seasonally adjusted terms, which contrasted the 0.6% drop tallied in October. The monthly increase exceeded market expectations, which had industrial production rebounding to a softer 0.1% expansion and was driven by strong growth in transport equipment and energy production.

On an annual basis, industrial activity contracted 3.6% in November, which was down from the 3.4% drop observed in October and marked the lowest level in six months. Accordingly, annual average variation in industrial production declined from minus 1.9% in October to minus 2.2%.


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France Industry November 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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