France Industry


France: Industry drops at sharpest rate in nine months

August 9, 2013

In June, industrial production fell a seasonally adjusted 1.4% over the previous month, representing the sharpest contraction in nine months. The reading followed the 0.3% drop recorded in May and contrasted market expectations of a 0.3% increase. The most significant drop was seen in manufacturing.

On an annual basis, industrial output swung from a 0.9% expansion in May to minus 0.2% in June. Despite the lower reading, annual average growth in industrial output stepped up from minus 2.0% in May to minus 1.8% in June.

FocusEconomics Consensus Forecast panellists expect industrial production to contract 1.3% this year, which is up 0.3 percentage points over last month's forecast. For 2014, participants expect industrial output to drop 1.2%.


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France Industry Chart

France Industry June 2013

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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