France Industrial Output Misses Expectations

Industrial production in France fell 0.3% month-on-month in August 2026, defying expectations for a 0.3% rise and following a 0.6% decline in July. The drop was mainly driven by a 2.4% decline in extractive industries, energy and water, following a 0.2% increase in July, largely due to lower electricity production after output reached its highest level since December 2021 in the previous month. This more than offset a 0.3% increase in manufacturing, which rebounded from a 0.8% decline previously. Within the sector, output of other industrial products rose 1.2%, while electrical, electronic and computer equipment increased 0.9%. Coking and refining output also rose 3.3%. In contrast, transport equipment manufacturing fell 2.2%, while agri-food production dropped 1.2%. On a yearly basis, industrial output rose 0.3%, rebounding from a 0.6% fall in July. Over the three months to August, industrial production was down 0.1% from a year earlier.

Industrial production in France fell 0.4% month-on-month in July 2026, missing market expectations for a 0.3% rebound after a revised 0.1% decline in June. Manufacturing output dropped 0.8% after falling 1% in the previous period, as production declined across almost all major sectors. Transport equipment manufacturing led the declines, falling 2.8% after a 3.8% drop in June, while output of other industrial products decreased 0.5% for a second month. Production of electrical, electronic, and computer equipment fell 0.8%, reversing a 0.2% increase, while food processing output was broadly stable at -0.1%. In contrast, production in extractive industries, energy, and water rose 0.9%, slowing from 3.2%, driven by stronger electricity production and consumption during the second heat wave. On a yearly basis, industrial production fell 0.5%, following a 0.1% decline in June, while production increased 0.8% in the three months to July.

Industrial production in France rose 0.1% month-on-month in June 2025, missing market expectations of a 0.3% increase but rebounding from a 0.1% drop in the previous month. Output growth accelerated in extractive industries, energy, and water (3.8% vs 2.9% in May), supported by stronger gains in electricity, gas, steam, and air conditioning supply (4.2% vs 3.1%) and water and sanitation (1.5% vs 1.1%). Meanwhile, manufacturing output fell at a faster pace (-1.1% vs -1%), largely due to deeper declines in agri-food industries (-0.8% vs -0.3%), coke and refined petroleum products (-12% vs -11.7%), transport equipment manufacturing (-3.8% vs -2.1%), and the manufacture of other industrial products (-0.6% vs -0.4%). On a yearly basis, industrial production fell 0.1%, reversing a 3.1% rise in the previous month and marking its first annual decline since February.