French industrial production increased less than expected in January

According to the report from INSEE, in January 2020, output increased in the manufacturing industry (1.2%, after −2.2%), as well as in the whole industry (+1.2%, after −2.5%). Economists had expected a 1.8% increase in the whole industry.

Manufacturing output decreased over the last three months in manufacturing industry (−1.1%), as well as in the whole industry (−1.1%).

Over the last quarter, output slumped in the manufacture of coke and refined petroleum products (−13.7%). It decreased in "other manufacturing"(−0.9%), in the manufacture of transport equipment (−2.4%), in the manufacture of machinery and equipment goods (−1.5%) and in mining and quarrying, energy, water supply (−0.8%). Conversely, output improved in the manufacture of food products and beverages (+0.4%).

Manufacturing output of the last three months declined compared to the same three months a year ago (−1.7%), as well as the output in the whole industry (−1.8%).

Over a year, output slumped in the manufacture of coke and refined petroleum products (−29.5%). It decreased markedly in the manufacture of transport equipment (−6.0%), in mining and quarrying, energy, water supply (−2.3%), in the manufacture of machinery and equipment goods (−1.7%) and more slightly in "other manufacturing" (−0.3%) and in the manufacture of food products and beverages (−0.4%).