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French Industrial Production Grows Slower Than Expected in June

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Paris, August 2 (FFN) – France’s industrial production returned to growth in June, but at a slower pace than anticipated, according to data released by the country’s statistical office INSEE.

Industrial output increased by 0.8% month-on-month in June, following a 2.2% decline in May, INSEE reported on Friday. This result fell short of analyst expectations of a 1% increase. The data for the previous month was also revised downward, with the initial estimate of a 2.1% decline now standing at 2.2%.

Both the manufacturing and construction sectors contributed to the growth. Manufacturing production rose by 0.8% after a 2.7% drop in May, while construction saw a 1.8% increase following a 3.5% decline in the previous month.

The mining sector continued to grow, albeit at a slower pace. After a 0.8% increase in May, production in this sector rose by 0.7% in June.

On an annual basis, France’s industrial production continued to decline, although the pace of decline slowed. In June, it decreased by 1.64%, compared to a decline of over 3% in May.


Here is a table summarizing the changes in French industrial production:

MonthChange from Previous MonthChange from Same Month Last Year
June+0.8%-1.64%
May (revised)-2.2%-3.0%+
May (original)-2.1%– N/A

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