French industrial production rose more than forecast in November

According to the report from Insee, in November 2019, output was virtually stable in the manufacturing industry (−0.1%, after +0.6%), but It increased slightly in the whole industry (+0.3%, after +0.5%). Economists had expected a 0.1% increase in the whole industry.

Over the last three months, output increased in manufacturing industry (+0.7%), and more moderately in the whole industry (+0.4%). Over the last three months, output increased in "other manufacturing" (+1.0%), in the manufacture of machinery and equipment goods (+1.3%), in the manufacture of transport equipment (+0.6%) and in the manufacture of food products and beverages (+0.5%). Conversely it went down in mining and quarrying, energy, water supply (−1.6%) and it slumped in the manufacture of coke and refined petroleum products (−16.7%).

In the manufacturing industry, output of the last three months was higher than the same months of 2018 (+0.7%), as well as in the whole industry (+0.5%). Over a year, output increased in "other manufacturing" (+1.3%), in the manufacture of machinery and equipment goods (+1.0%), in the manufacture of food products and beverages (+0.7%) and more moderately in the manufacture of transport equipment (+0.2%). In contrast, output slumped sharply in the manufacture of coke and refined petroleum products (−26.4%) and dipped slightly in mining and quarrying, energy, water supply (−0.5%).