French industrial production rose sharply in February - Insee

According to the report from Insee, in February 2020, output increased again in the manufacturing industry (+0.9%, after +1.2%), as well as in the whole industry (+0.9%, after +1.1%). Economists had expected a 0.1% increase in the whole industry.

From December to February, output decreased compared to the previous three months in manufacturing industry (−1.3%), as well as in the whole industry (−1.4%).

Over this period, output declined in "other manufacturing"(−1.1%), in the manufacture of transport equipment (−2.8%), in mining and quarrying, energy, water supply (−2.1%) and in the manufacture of machinery and equipment goods (−1.7%). It plummeted in the manufacture of coke and refined petroleum products (−5.6%). Conversely, it was virtually stable in the manufacture of food products and beverages (−0.1%).

In the manufacturing industry, cumulative output over the last three months from December to February declined sharply compared to the same three months a year ago (−2.2%), as well as in the whole industry (−2.4%).

Over a year, output slumped in the manufacture of coke and refined petroleum products (−31.7%). It decreased markedly in the manufacture of transport equipment (−7.3%), in mining and quarrying, energy, water supply (−3.3%) and more moderately in "other manufacturing" (−0.8%), in the manufacture of machinery and equipment goods (−1.8%) and in the manufacture of food products and beverages (−0.6%).