Industrial producer prices for products sold in the French market fell 0.4 percent from a month earlier in May 2019, easing from a revised 0.8 percent decline in April and missing market expectations of a 0.1 percent gain. Prices of mining and quarrying products, energy and water decreased by 1.9 percent (vs -5.3 percent in April), whereas those of manufactured products were unchanged (vs 0.5 percent in April). Year-on-year, producer prices rose 0.8 percent, following a 1.9 percent increase in April. Producer Prices in France averaged 100.44 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 104.04 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 106.60 in 12 months time. In the long-term, the France Producer Prices is projected to trend around 110.81 Index Points in 2020, according to our econometric models.