France: Industrial output gains momentum in May
Industrial output grew 1.2% in month-on-month seasonally-adjusted terms in May, which followed April’s 0.8% increase. The figure was partly due to faster growth in manufacturing production. In contrast, mining and quarrying production lost steam.
On an annual basis, industrial production rose at a faster rate of 2.6% in May (April: +1.7% yoy), the best result since August 2021. Accordingly, annual average industrial production growth rose to 0.3% in May (April: +0.1%), which marked a one-year high.