France Industrial Production Mom
Jan 31, 2023
Apr 05, 2023
Time to Release
14 Days 6 Hours
In France, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 86 percent of total production. The biggest segments within Manufacturing are: Food products and beverages (13 percent of total production); machinery and equipment goods (13 percent), of which computer, electronic and optical products (5 percent); basic metals and fabricated metal products (12 percent); other manufacturing, repair and installation of machinery and equipment (12 percent); transport equipment (10 percent); rubber and plastics products, and other non-metallic mineral products (8 percent); and chemicals and chemical products (6 percent). Electricity, gas, steam and air conditioning account for 11 percent of total output, Water supply, sewerage, waste management and remediation account for 1 percent and Mining and quarrying account also for 1 percent.
Industrial production in France shrank by 1.9 percent from the previous month in January of 2023, following a 1.5 percent rise a month earlier, and below market expectations of a 0.1 percent growth. Output sharply declined for mining & quarrying, energy, water supply, waste management (-3% vs 9.7%). In addition, production was also down for manufacturing (-1.8% vs 0.2%), prompted by transport equipment (-6.7% vs 8%). On the other hand output rebounded for construction (0.2% vs -1.3%). Year-on-year, industrial production slumped 2.2%, following a 1.4% gain in the previous month.
France Industrial Production Mom History
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