Market news
10.10.2019, 07:00

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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