France's industrial production fell 1.3 percent from a month earlier in November 2018, reversing an upwardly revised 1.3 percent growth in October and missing market expectations of a 0.2 percent gain. Manufacturing output declined 1.4 percent (vs 1.4 percent in October) on falling production of coke and refined petroleum products (-10.6 percent vs -2 percent), machinery and equipment goods (-2 percent vs 3.8 percent) and other manufacturing (-2.1 percent vs 1.3 percent). By contrast, food products and beverages output was unchanged (vs 0.7 percent in October) while manufacture of transport equipment rose 1.2 percent (vs 0.6 percent in October). Meanwhile, a contraction was seen in mining and quarrying, energy, water supply output, waste management (-0.9 percent vs 0.3 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 0.50 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 0.60 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.