Industrial production in France increased 0.8 percent from a month earlier in December of 2019, rebounding from an upwardly revised 1.5 percent fall in November and beating market expectations of a 0.6 percent gain. Output rebounded for manufacturing (1 percent from -1.5 percent in November), namely coke and refined petroleum products (5.7 percent from -10.2 percent); food products and beverages (0.9 percent from -0.5 percent) and other manufacturing (1.3 percent from -2.3 percent). By contrast, machinery and equipment goods output continued to drop (-2.3 percent from -2.2 percent) while manufacture of transport equipment rose 2.6 percent (from 1.5 percent). Meanwhile, mining and quarrying, energy, water supply and waste management output showed no growth (from -1 percent in November). 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.