In May 2023, the prices of production in the French industry saw a decrease of 1.4% compared to the previous month. However, on a yearly basis, the prices remained positive, but the growth slowed down to 3.4% compared to 5.0% earlier.
The decrease in production prices affected both products intended for the French market and those for international markets, both experiencing a 1.4% drop compared to the previous month.
Excluding energy, the prices of production in the French industry also decreased by 0.5% in May compared to April, and on a yearly basis, the growth rate was 3.5% after previously being at 5.1%.
The decline in prices was observed across various sectors in the French market, including industries involved in extractive activities, energy, and water, as well as the manufacturing sector. The prices of equipment related to electronics, electricals, computers, and machinery increased, while prices for products in the food, beverage, and transport sectors decreased.
Overall, these changes in production prices indicate fluctuations in the French industrial landscape in May 2023, with some sectors experiencing declines and others witnessing growth, contributing to the broader economic situation in the country.
https://www.insee.fr/fr/statistiques/7642298#tableau-ippi-g2-fr