Industrial production in France slumped 20.1 percent month-over-month in April of 2020, following a 16.2 percent drop in March, and in line with market expectations of a 20 percent decrease. It is the biggest decline ever in industrial output after the country imposed a nationwide lockdown from March 17th to control the spread of the coronavirus, with many businesses and factories forced to closed. Manufacturing slumped 21.9 percent, with main declines seen in manufacture of motor vehicles, trailers and semi-trailers (-88 percent), machinery and equipment goods (-24.6 percent), and food products and beverages (-6.2 percent). Mining and quarrying, energy, water supply decreased 11.2 percent. Considering February to April, industrial output went down 15.8 percent.
Industrial Production Mom in France averaged -0.06 percent from 1990 until 2020, reaching an all time high of 4 percent in November of 2005 and a record low of -20.10 percent in April of 2020. This page provides the latest reported value for - France Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: INSEE, France
Industrial Production Mom in France is expected to be 2.40 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 1.00 in 12 months time. In the long-term, the France Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.