• French industrial production unexpectedly fell in August

Market news

10 October 2019

French industrial production unexpectedly fell in August

According to the report from Insee, in August 2019, output diminished in the manufacturing industry (−0.8%, after +0.4%), as well as in the whole industry (−0.9%, after +0.3%). Economists had expected a 0.3% increase in the whole industry. 

Over the last three months, output declined in manufacturing industry (−1.2%), as well as in the whole industry (−0.9%).

Over the last three months, output decreased sharply in the manufacture of machinery and equipment goods (−3.3%) and in the manufacture of transport equipment (−1.6%), and more moderately in “other manufacturing” (−0.6%) and in the manufacture of food products and beverages (−0.7%). It decreased markedly in the manufacture of coke and refined petroleum products (−6.9%). Conversely, it grew in mining and quarrying, energy, water supply (+0.6%).

Manufacturing output of the last three months got worse compared to the same three months of 2018 (−0.8%), as well as in the whole industry (−0.5%).

Over a year, output dipped in most activities: in the manufacture of transport equipment (−2.2%), in the manufacture of food products and beverages (−0.8%), in the manufacture of coke and refined petroleum products (−10.3%), in “other manufacturing” (−0.2%) and in the manufacture of machinery and equipment goods (−0.7%). Conversely, output increased in mining and quarrying, energy, water supply (+1.0%).

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