French industrial production increased by 1.2 percent month-over-month in October 2018, following a downwardly revised 1.6 percent gain in the previous month and above market expectations of a 0.7 percent rise. It was the biggest gain in industrial activity since February, as output rebounded for manufacturing (1.4 percent from -1.9 percent in September), boosted by production of food products & beverages (0.7 percent from -1.7 percent); machinery & equipment goods (3.9 percent from -3.9 percent); transport equipment (0.5 percent from -2.5 percent); and other manufacturing (1.2 percent from -1.3 percent). Also, output advanced for mining and quarrying, energy, water supply, waste management (0.3 percent after a flat reading. On the other hand, production of coke & refined oil products dropped (-1.8 percent from 0.8 percent) and construction activity (-5.9 percent from 3.6 percent). Industrial Production Mom in France averaged 0.05 percent from 1990 until 2018, reaching an all time high of 4 percent in November of 2005 and a record low of -4.80 percent in November of 2008.
Industrial Production Mom in France is expected to be 0.40 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 0.20 in 12 months time. In the long-term, the France Industrial Production MoM is projected to trend around 0.40 percent in 2020, according to our econometric models.