According to the report from INSEE, industrial production increased by 1.4% in June after rising by 0.2% in May (revised from 0.0%). Economists had expected a 0.2% decline.
As for the sectors, production increased in machinery and equipment (+3.5%), mining, energy, water supply (+2.4%), food and beverages (+2.2%), transport equipment (+2.8%), and other transport equipment (+6.2%). Meanwhile, production decreased in the sector of cars, trailers and semi-trailers (-1.9%) and the sector of coke and petroleum products (-3.1%).
In the second quarter, cumulative output grew by 2% year-on-year. In the whole industry, the growth was significantly more moderate (+0.2%), owing to a drop in energy production. Output increased in the “other manufacturing" industries (+1.6%) and in the manufacture of transport equipment (+4.3%). In this latter activity, it increased both in the manufacture of other transport equipment (+5.6%) and in the manufacture of motor vehicles, trailers and semi-trailers (+2.4%). Meanwhile, production fell by 8.9% in the mining, energy, and water supply sectors.