France industrial output rose 3.3% mom in January, well above expectation of 0.5% mom. Manufacturing output also rose 3.3% mom. Comparing to February 2020, the last month before first pandemic lockdown, manufacturing output was still -2.6% low, while whole industrial output was -1.7% lower.
Looking at some details, output increased in all industrial activities, except in transport equipment. Machinery and equipment goods rose 8.4% mom. Mining and quarrying, energy, water supply rose 2.9%. Food products and beverages rose 1.6% mom. Coke and refined petroleum rose 7.2% mom. Transport equipment dropped -2.9% mom.
