France's industrial production tumbled 16.2 percent from a month earlier in March 2020, the steepest decline since comparable records began in 1990 and worse than market expectations of a 12.4 percent plunge, as the coronavirus crisis forced many factories and businesses to close. Manufacturing output plummeted 18.2 percent (vs 0.9 percent in February) led by decreases in production of transport equipment (-35.9 percent vs 1.9 percent), coke and refined petroleum products (-34.3 percent vs 4.8 percent), machinery and equipment goods (-21.5 percent vs 1.0 percent), food products and beverages (-3.9 percent vs 0.9 percent), and other manufacturing (-17.2 percent vs 0.6 percent). Mining and quarrying; energy; water supply; waste management also fell 4.1 percent, compared to a 0.6 percent advance in the previous month.
Industrial Production Mom in France averaged 0 percent from 1990 until 2020, reaching an all time high of 4 percent in November of 2005 and a record low of -16.20 percent in March 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 May of 2020. source: INSEE, France
Industrial Production Mom in France is expected to be -0.40 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 0.40 in 12 months time. In the long-term, the France Industrial Production MoM is projected to trend around 0.50 percent in 2021, according to our econometric models.