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- French industrial production fell more than forecast in April
French industrial production fell more than forecast in April
According to the report from INSEE, in April 2020, output plummeted sharply again in the manufacturing industry (−21.9%, after −18.3%), as well as in the whole industry (−20.1%, after −16.2%). Economists had expected a 20% decrease in the whole industry. Compared to February (the last month before the start of the general lockdown), output fell by 36.2% in manufacturing and 33.1% in the whole industry.
Over the last three months, manufacturing output declined markedly in manufacturing industry (−17.4%), as well as in the whole industry (−15.8%).
Over this period, output slumped in the manufacture of transport equipment (−34.1%). It plunged in the manufacture of machinery and equipment goods (−19.1%), in “other manufacturing”(−17.1%) and in the manufacture of coke and refined petroleum products (−19.2%). It decreased more moderately in mining and quarrying, energy, water supply (−6.4%) and in the manufacture of food products and beverages (−3.7%).
In the manufacturing industry, cumulative output over the last three months declined sharply compared to the same months a year ago (−19.4%), as well as in the whole industry (−17.7%).
Over a year, output plummeted in the manufacture of coke and refined petroleum products (−44.2%). It fell markedly in “other manufacturing” (−18.0%), in the manufacture of transport equipment (−36.7%) and in the manufacture of machinery and equipment goods (−23.2%). It declined more moderately in mining and quarrying, energy, water supply (−8.1%) and in the manufacture of food products and beverages (−4.1%).
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