Industrial production in France decreased 2.3 percent from a month earlier in June of 2019, after a downwardly revised 2.0 percent rise in the previous month and compared with market expectations of a 1.4 percent fall. Manufacturing activity dropped 2.2 percent, down from a 1.6 percent gain in May, dragged by transport (-3.2 percent vs 2.7 percent in May); coke and refined petroleum products (-8.8 percent vs -0.9 percent); capital goods (-2.2 percent vs -0.1 percent) and other manufacturing (-2.6 percent vs 2.5 percent). In contrast, output rebounded for food products & beverages (0.7 percent vs -0.9 percent). Also, mining and quarrying, energy and water production fell 3.1 percent, after a 4.7 percent jump in May. Industrial Production Mom in France averaged 0.05 percent from 1990 until 2019, reaching an all time high of 4 percent in November of 2005 and a record low of -5 percent in November of 2008.
Industrial Production Mom in France is expected to be 0.20 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 -0.40 in 12 months time. In the long-term, the France Industrial Production MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.