• French industrial production growth slowed in February

Market news

10 April 2019

French industrial production growth slowed in February

According to the report from Insee, in February 2019, output accelerated in the manufacturing industry (+1.1% after +0.7% in January) and slowed down in the whole industry (+0.4% after +1.2). Economists had expected a 0.5% decrease of  industrial production.

Manufacturing output increased over the last three months (+1.0%), as well as in the whole industry (+0.7%). Over the last three months, output grew in most of branches: in the manufacture of transport equipment (+3.2%), in “other manufacturing” (+0.6%), in the manufacture of machinery and equipment goods (+1.1%), in the manufacture of food products and beverages (+0.5%) and in the manufacture of coke and refined petroleum products (+1.0%). Conversely, it decreased in mining and quarrying, energy, water supply (−0.9%).

Manufacturing output of the last three months increased slightly compared to the same three months a year ago (+0.5%), and it was virtually stable in the whole industry. Over a year, output increased sharply in the manufacture of transport equipment (+4.3%) and more moderatly in “other manufacturing” (+0.3%). On the contrary, it decreased strongly in mining and quarrying, energy, water supply (−3.2%), in coke and refined petroleum products (−3.2%) and more moderatly in the manufacture of food products and beverages (−1.0%) and in the manufacture of machinery and equipment goods (−0.4%).

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