Market news
09.08.2019, 07:00

France industrial production fell sharply in June

National Institute of Statistics and Economic Studies (Insee) said, in June 2019, output slipped back sharply in the manufacturing industry (−2.2%, after +1.6%), as well as in the whole industry (−2.3%, after +2.0%).

Over the second quarter of 2019, manufacturing output declined (−0.3%). Output increased slightly in the whole industry (+0.3%).

Compared with the first quarter of 2019, output grew strongly in mining and quarrying, energy, water supply (+3.8%) and it was virtually stable in “other manufacturing”. Conversely, it decreased markedly in the manufacture of transport equipment (−2.1%) and in the manufacture of coke and refined petroleum products (−6.4%). It was virtually stable in the manufacture of food products and beverages (−0.1%) and stable in that of machinery and equipment goods.

Manufacturing output of the second quarter of 2019 increased compared to the same quarter of 2018 (+1.0%), as well as in the whole industry (+1.6%).

Over a year, output of the second quarter increased in mining and quarrying, energy, water supply (+5.0%), in “other manufacturing” (+1.1%), in the manufacture of machinery and equipment goods (+3.8%) and in the manufacture of coke and refined petroleum products (+4.4%). However, it decreased in the manufacture of transport equipment (−0.5%) and in the manufacture of food products and beverages (−0.2%).

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