Industrial production in France fell 0.8% in September, after rising 2.7% in August, the National Institute for Statistics and Economic Studies (Insee) reported on Friday.
This fall is explained by a fall “in most of the large branches” and in particular in automobile production, which fell by 5.5% after a “very dynamic month of August” (+16.4%), detailed the Insee.
Industrial production also “falls sharply” in coking and refining (-6.6%, after +4.8% in August), as well as in extractive industries (-4.4%, compared to +1 .3% in August) and the water and sanitation sector (-7.5%, compared to +1.8% in August).
Production fell slightly over a month in the manufacturing industry (-0.4%, after +3.0% in August), “other industrial products” (-0.3% after +2.7%) and agri-food industries (-0.3% after +0.2% ).
On the contrary, it continued to grow in the field of capital goods, although more slowly (+1.0% after +3.9% in August) and picked up in the construction sector (+1.8% after the -0.8% of August).
A more favorable trend over a year
However, over a year, the trends are quite different. If the whole of industrial production increases only “moderately (+0.7%) given the sharp drop in energy production”, the automobile industry is in particularly good shape (+23%), “less affected than a year ago due to difficulties in supplying electronic components”, details the INSEE, “although the latter persist”.
Coking-refining also experienced a year-on-year jump of +26.0%, “due to a particularly low level a year ago related to refinery stoppages.”
The production of the extractive industries, energy and water “falls sharply” in one year (-9.1%), in line with what was observed in one month, “mainly due to the fall in the production of electrical energy.”
In addition, the INSEE has revised upwards the evolution of industrial production for the month of August, which increased by 2.7% in one month, compared to the 2.4% initially announced. The increase in manufacturing production for August is also revised upwards by 0.3 percentage points, to +3.0%.
Source: BFM TV
