French manufacturing output up 0.4% MoM in Apr 2024

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.

ALCHEMPro News Desk (DS)