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- France industrial production rose sharply in May
France industrial production rose sharply in May
According to the report from Insee, in May 2019, output increased in the manufacturing industry (+1.6%, after a virtual stability in April), as well as in the whole industry (+2.1%, after +0.5%). Economists had expected a 0.3% increase in the whole industry.
Insee said that manufacturing output increased slightly over the last three months (+0.2%), as well as in the whole industry (+0.5%).
Over the last three months, output grew strongly in the manufacture of machinery and equipment goods (+2.5%), in mining and quarrying, energy, water supply (+2.0%) and more moderately in “other manufacturing” (+0.2%). Conversely, it decreased in the manufacture of transport equipment (−1.2%), in the manufacture of food products and beverages (−0.7%) and in the manufacture of coke and refined petroleum products (−1.0%).
Manufacturing output of the last three months increased compared to the same three months a year ago (+1.4%), as well as in the whole industry (+1.4%).
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