• French industrial production rose more than forecast in November

Market news

10 January 2020

French industrial production rose more than forecast in November

According to the report from Insee, in November 2019, output was virtually stable in the manufacturing industry (−0.1%, after +0.6%), but It increased slightly in the whole industry (+0.3%, after +0.5%). Economists had expected a 0.1% increase in the whole industry.

Over the last three months, output increased in manufacturing industry (+0.7%), and more moderately in the whole industry (+0.4%). Over the last three months, output increased in "other manufacturing" (+1.0%), in the manufacture of machinery and equipment goods (+1.3%), in the manufacture of transport equipment (+0.6%) and in the manufacture of food products and beverages (+0.5%). Conversely it went down in mining and quarrying, energy, water supply (−1.6%) and it slumped in the manufacture of coke and refined petroleum products (−16.7%).

In the manufacturing industry, output of the last three months was higher than the same months of 2018 (+0.7%), as well as in the whole industry (+0.5%). Over a year, output increased in "other manufacturing" (+1.3%), in the manufacture of machinery and equipment goods (+1.0%), in the manufacture of food products and beverages (+0.7%) and more moderately in the manufacture of transport equipment (+0.2%). In contrast, output slumped sharply in the manufacture of coke and refined petroleum products (−26.4%) and dipped slightly in mining and quarrying, energy, water supply (−0.5%).

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