France Industrial Output Posts Surprise Fall

Industrial production in France fell by 0.7% month-on-month in December 2025, reversing an upwardly revised 0.1% gain in the previous month and defying market expectations of a 0.2% increase. This marked the first decline since August, as manufacturing output slipped (-0.8% vs 0.5%), driven mainly by a sharp fall in the manufacture of transport equipment (-9.9% vs 3.8%). The drop was led by declines in the manufacture of other transport equipment (-15.8% vs 4.3%), particularly in aerospace construction, where the steep fall in December offset the gains recorded over the previous three months. Moreover, output in water supply, sewerage, waste management and remediation fell significantly (-2.1% vs -0.2%). In contrast, output declined at a softer pace in mining and quarrying (-0.2% vs -1.7%) and electricity, gas, steam and air-conditioning supply (-0.1% vs -1.8%). On a quarterly basis, industrial production rose 0.3%, while the year-on-year output increased 1.8%.

Industrial production in France fell 0.1% month-on-month in November 2025, following a 0.2% gain in October and compared with expectations of a flat reading. Extractive industries, energy, and water declined (-1.9% vs +1.9% in October), mainly due to lower electricity, gas, and steam production (-2.0% vs +1.8%). Production also fell in other industrial products (-0.3% vs +0.1%), food processing (-0.5% vs +0.1%), and coking and refining (-0.8% vs +3.6%). Meanwhile, manufacturing rebounded 0.3% after a 0.1% decline, driven by a surge in transport equipment (+2.6% vs -0.3%), with automotive production (+2.7% vs -4.1%) and other transport equipment (+2.6% vs +1.9%) posting strong gains. Over the last three months, industrial production rose 1.8%, while year-on-year output increased 0.3%.

Industrial production in France increased 0.2% month-on-month in October 2025, easing from a downwardly revised a 0.7% gain in September but defying market expectations of a 0.3% fall. Manufacturing output edged down 0.1%, reversing a 0.9% rise in the previous month, weighed down by a decline in machinery and equipment goods (-2.2% vs 1.1% in September). At the same time, output growth slowed for food and beverages (0.1% vs 0.3%) and transport equipment (0.1% vs 5.3%). On the other hand, production in mining and quarrying, energy, and water supply grew 1.8%, after showing no growth in September. Over the August-October period, industrial activity rose 0.6% compared with the previous three months, while year-on-year production went up 1.1%. Meanwhile, construction output dropped 0.6% from a month earlier in October, slowing from a 1.3% decline in September.