Industrial production in France increased at a record 19.6 percent month-over-month in May of 2020, following an upwardly revised 20.6 percent fall in the previous month which was the highest on record due to the coronavirus. The country started lifting lockdown restrictions in the middle of May. Figures beat market forecasts of a 15.1 percent rise. Manufacturing was up 22 percent, with transport equipment (49.9 percent), equipment goods (27.4 percent) and industrial products (25.8 percent) rising the most. However, both industrial output (-21.2 percent) and manufacturing (-23.4 percent) are still well below February levels, before the pandemic hit. Year-on-year, industrial production fell 23.4 percent.
Industrial Production Mom in France averaged -0.01 percent from 1990 until 2020, reaching an all time high of 19.60 percent in May of 2020 and a record low of -20.60 percent in April of 2020. This page provides the latest reported value for - France Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: INSEE, France
Industrial Production Mom in France is expected to be -1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in France to stand at 0.90 in 12 months time. In the long-term, the France Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.