• France industrial production declined more than expected in March

Notícias do Mercado

10 maio 2019

France industrial production declined more than expected in March

According to the report from Insee, in March 2019, output slipped back in the manufacturing industry (−1.0% after +0.8% in January) and in the whole industry (−0.9% after a virtual stability vs -0.5% m/m expected).

Manufacturing output increased over the last quarter (+1.1%), as well as in the whole industry (+0.9%). Over the last quarter, output kept growing in most branches: in the manufacture of machinery and equipment goods (+3.2%), in “other manufacturing” (+0.8%), in the manufacture of transport equipment (+0.8%), in the manufacture of coke and refined petroleum products (+4.1%) and in the manufacture of food products and beverages (+0.2%). It was virtually stable in mining and quarrying, energy, water supply (−0.1%).

Manufacturing output of the last quarter increased compared to the same quarter a year ago (+1.3%), as well as in the whole industry (+0.5%). Over a year, quarter’s output increased sharply in the manufacture of transport equipment (+5.4%), and more moderately in “other manufacturing” (+1.0%) and in the manufacture of machinery and equipment goods (+1.9%). On the contrary, it decreased strongly in mining and quarrying, energy, water supply (−4.1%) and more moderately in the manufacture of food products and beverages (−1.2%) and in coke and refined petroleum products (−0.5%).

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