France: Industrial output grows at fastest pace since May 2023 in August
Latest reading: Industrial production increased 1.4% month-on-month in seasonally adjusted terms in August (July: +0.2% mom), the best reading since May 2023. The figure was largely driven by a notable rebound in manufacturing production. In contrast, mining and quarrying production lost steam.
On an annual basis, industrial production rebounded, rising 0.5% in August (July: -1.2% yoy). Accordingly, annual average industrial production growth rose to 0.2% in August (July: +0.1%), signaling an improving trend in the industrial sector.