French industrial production rose more than forecast in October

National Institute of Statistics and Economic Studies (INSEE) said that in October 2019 output increased in the manufacturing industry (+0.5%, after +0.8%), as well as in the whole industry (+0.4%, after +0.4%). Economists had expected a 0.2% increase in the whole industry.

Over the last three months, output decreased in manufacturing industry (−0.8%), and more strongly in the whole industry (−1.2%). Over the last three months, output slumped in the manufacture of coke and refined petroleum products (−10.9%). It declined markedly in mining and quarrying, energy, water supply (−3.3%) and in the manufacture of machinery and equipment goods (−1.9%) and more moderately in “other manufacturing” (−0.3%), in the manufacture of transport equipment (−0.8%) and in the manufacture of food products and beverages (−0.5%).

In the manufacturing industry, output of the last three months was lower than the same months of 2018 (−0.3%), as well as in the whole industry (−0.4%). Over a year, output slumped strongly in the manufacture of coke and refined petroleum products (−21.1%). It dipped in mining and quarrying, energy, water supply (−1.3%), in the manufacture of machinery and equipment goods (−1.1%), in the manufacture of food products and beverages (−0.6%) and it was virtually stable in the manufacture of transport equipment (−0.1%). Conversely, output increased slightly in “other manufacturing” (+0.5%).