French manufacturing output up 0.4% MoM in Apr 2024

06 Jun '24

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French manufacturing output up 0.4% MoM in Apr 2024

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French manufacturing output increased by 0.4 per cent month on month in April after a 0.4-per cent drop in March, the National Institute of Statistics and Economic Studies said.
Manufacturing output of textiles, apparel, leather and related products increased by 9.1 per cent MoM in April and fell by 0.1 per cent quarter on quarter between February and April.

French manufacturing output increased by 0.4 per cent month on month (MoM) in April this year after a 0.4-per cent drop in March, according to the National Institute of Statistics and Economic Studies (INSEE). Output in the whole industry rose by 0.5 per cent MoM in the month after a 0.2-per cent decline in the preceding month.

Production bounced back in other manufacturing industries in April, seeing a rise of 0.9 per cent after a 0.4-per cent drop in March.

Manufacturing output between February and April was higher than that of the same months of the previous year (plus 0.7 per cent). It increased more moderately in the whole industry (plus 0.3 per cent).

Manufacturing output of textiles, apparel, leather and related products increased by 9.1 per cent MoM in April and fell by 0.1 per cent quarter on quarter (QoQ) between February and April this year, an INSEE release said.

In the context of high electricity and gas prices invoiced to firms given the contracts agreed in 2022 and 2023 for 2024, energy-intensive industries are particularly exposed to rising production costs, which may affect their output, INSEE noted.

Fibre2Fashion News Desk (DS)

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