Industrial producer prices for products sold in the French market went up 0.4 percent from a month earlier in February 2019, up from an upwardly revised 0.3 percent gain in the previous month. Manufactured product prices increased 0.6 percent, after being unchanged in January, supported by a strong rise in prices of refined petroleum products (8.6 percent vs 0.1 percent in January). Meanwhile, cost of mining and quarrying products, energy and water decreased 0.4 percent, after an upwardly revised 1.2 percent gain in the prior month, due to a decline in prices of both gas (-3.5 percent vs -1.7 percent) and sewerage services (-3.3 percent vs 0.4 percent). Year-on-year, producer prices rose 2.1 percent compared to an upwardly revised 1.7 percent rise in January. Producer Prices in France averaged 100.25 Index Points from 2015 until 2019, reaching an all time high of 104.40 Index Points in November of 2018 and a record low of 96.50 Index Points in April of 2016.
Producer Prices in France is expected to be 108.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in France to stand at 112.00 in 12 months time. In the long-term, the France Producer Prices is projected to trend around 111.77 Index Points in 2020, according to our econometric models.