Insee
Informations Rapides · 3 July 2026 · n° 166
Informations rapidesIn May 2026, manufacturing output fell back by 1.0% Industrial production index - May 2026

In May 2026, after two months of increase, output fell back sharply in the manufacturing industry (‑1.0% after +0.6% in April 2026). In the whole industry, it also fell back, but less markedly (‑0.1% after +0.3%).

Informations rapides
No 166
Paru le :Paru le03/07/2026
Prochaine parution le : 05/08/2026 at 08:45 - June 2026

In May 2026, after two months of increase, output fell back sharply in the manufacturing industry (‑1.0% after +0.6% in April 2026). In the whole industry, it also fell back, but less markedly (‑0.1% after +0.3%).

Monthly Industrial Production Indices

Monthly Industrial Production Indices
C1: Manufacture of food products and beverages C3: Machinery and equipment goods C4: Manufacture of transport equipment C5: Other manufacturing CZ: Manufacturing
2026-05 97.46 103.43 125.5 102.0 104.56
2026-04 97.72 105.87 129.16 102.44 105.66
2026-03 97.7 104.4 125.08 102.53 105.0
2026-02 96.61 102.84 122.72 101.37 103.65
2026-01 97.31 102.98 124.23 101.06 103.79
2025-12 98.19 104.42 114.2 102.43 103.71
2025-11 96.27 102.72 131.29 101.02 104.41
2025-10 96.44 101.1 126.44 101.55 103.94
2025-09 96.73 102.96 126.69 101.32 104.13
2025-08 96.51 101.23 118.35 102.11 103.31
2025-07 97.43 101.94 126.06 102.21 104.55
2025-06 98.32 104.61 130.15 101.03 104.88
2025-05 96.91 100.37 114.97 100.8 102.05
2025-04 98.41 101.97 112.55 102.03 102.95
2025-03 99.07 103.29 114.85 101.57 103.29
2025-02 98.96 102.6 112.76 101.62 102.94
2025-01 99.58 100.34 108.87 100.36 101.56
2024-12 98.89 101.68 109.33 100.24 101.61
2024-11 97.1 100.71 113.75 101.94 102.68
2024-10 98.59 103.17 109.08 101.2 102.28
2024-09 99.67 99.94 111.95 101.73 102.67
2024-08 99.21 98.12 111.68 103.04 103.05
2024-07 98.29 103.12 108.89 101.34 102.26
2024-06 98.03 98.4 112.75 102.01 102.46
2024-05 98.12 100.75 109.52 101.58 102.13
2024-04 98.27 106.15 109.69 103.96 104.26
2024-03 98.82 102.14 112.4 102.54 103.32
2024-02 100.16 103.58 111.67 103.67 104.32
2024-01 97.81 102.62 115.23 102.14 103.32
2023-12 97.27 102.31 118.72 102.85 104.04
2023-11 96.25 107.27 116.98 101.2 103.44
2023-10 96.94 105.28 118.19 101.19 103.42
2023-09 96.74 104.9 114.27 101.02 102.81
2023-08 98.29 104.9 115.95 100.05 102.67
2023-07 98.18 106.09 115.22 100.61 103.02
2023-06 98.14 106.58 116.67 100.07 103.0
2023-05 98.24 108.84 119.27 101.55 104.52
2023-04 97.5 106.34 114.11 99.59 101.96
2023-03 97.72 104.13 115.2 99.9 101.85
2023-02 97.74 105.28 117.66 100.66 103.22
2023-01 97.39 104.43 110.03 101.17 102.39
2022-12 98.28 102.47 114.4 102.44 103.52
2022-11 101.67 104.76 105.34 103.82 103.88
2022-10 99.69 99.89 108.07 102.15 102.14
2022-09 99.67 105.33 108.41 103.17 103.7
2022-08 100.47 102.63 112.26 103.26 104.05
2022-07 99.69 97.84 106.72 100.6 100.98
2022-06 100.3 102.17 105.19 102.42 102.49
2022-05 98.61 99.73 102.33 102.92 101.79
2022-04 99.12 97.74 98.78 100.67 99.83
2022-03 101.09 99.32 95.41 102.2 100.76
2022-02 101.42 100.77 99.92 101.83 101.4
2022-01 102.46 99.95 101.86 103.31 102.54
2021-12 101.66 101.12 101.17 98.83 99.95
2021-11 102.55 98.27 93.69 99.37 98.98
2021-10 101.25 100.65 104.4 100.95 101.43
2021-09 99.24 100.73 90.27 99.74 98.53
2021-08 99.7 99.25 99.01 100.95 100.27
2021-07 100.32 98.9 104.42 100.27 100.66
2021-06 100.39 100.42 95.87 99.75 99.44
2021-05 98.65 99.24 98.23 99.84 99.34
2021-04 98.41 100.66 100.1 100.02 99.85
2021-03 100.01 100.02 100.98 99.4 99.79
2021-02 97.65 98.61 100.59 98.55 98.65
2021-01 100.16 102.15 111.28 102.31 103.11

Monthly Industrial Production Indices

  • Source: INSEE, SSP, SDES.

Over a month, manufacturing output fell in all major branches

In May 2026*, output declined in all major branches of the manufacturing industry. It fell back in the manufacture of transport equipment (‑2.8% after +3.3%) and in the manufacture of electrical, electronic and computer equipment (‑2.3% after +1.4%). Output decreased in the manufacture of “other industrial products (metallurgy, chemicals, pharmaceuticals, etc.)” (‑0.4% after ‑0.1%) and in the food and beverage industries (‑0.3% after a stability in April). It dropped in manufacture of coke and refined petroleum products (‑9.0% after +1.7%) due to a maintenance shutdown.

In mining and quarrying, energy, and water supply, output bounced back (+3.2% after ‑1.0%). The increase, which affected both electricity and gas supply, was due to higher consumption linked to cool temperatures in mid-month, followed by a heatwave at the end of the month.

Variation in the Industrial Production

2021 based, SA-WDA changes in %
Variation in the Industrial Production (2021 based, SA-WDA changes in %)
NA : A10, (A17), [A38 or A64] Weights* May 2026 April 2026 / March 2026 May 2026 / April 2026 Quarter-on-quarter change (3) Year-on-year change (4)
BE: INDUSTRY 10,000 103.5 0.3 -0.1 1.0 2.4
CZ: MANUFACTURING 7,529 104.6 0.6 -1.0 1.3 2.2
(C1): Man. of food products and beverages 1,276 97.5 0.0 -0.3 0.3 -0.5
(C2): Man. of coke and refined petroleum products 14 137.5 1.7 -9.0 3.0 15.7
(C3): Machinery and equipment goods 1,017 103.4 1.4 -2.3 1.1 2.6
[CI] Man. of computer, electronic and optical products 327 116.5 -2.2 -2.3 2.4 6.1
[CJ] Man. of electrical equipment 247 105.6 -0.8 2.9 -1.9 0.2
[CK] Man. of machinery and equipment n.e.c. (1) 443 91.9 6.3 -5.4 1.9 1.1
(C4): Man. of transport equipment 907 125.5 3.3 -2.8 5.1 10.9
[CL1] Man. of motor vehicles, trailers and semi-trailers 354 96.6 1.4 -4.7 -3.7 -7.2
[CL2] Man. of other transport equipment 553 144.2 4.1 -2.0 9.6 21.3
(C5): Other manufacturing 4,316 102.0 -0.1 -0.4 0.7 0.8
[CB] Man. of textiles, wearing apparel, leather and related products 196 122.1 -3.7 4.6 -2.0 -2.9
[CC] Man. of wood and paper products; printing and reproduction of recorded media 368 84.4 0.4 -0.9 -0.6 -1.7
[CE] Man. of chemicals and chemical products 566 92.4 -0.1 -2.1 1.6 1.8
[CF] Man. of basic pharmaceutical products and pharmaceutical preparations 424 120.5 -1.4 2.2 1.4 -3.2
[CG] Man. of rubber and plastics products, and other nonmetallic mineral products 698 86.3 0.4 -1.2 1.1 1.5
[CH] Man. of basic metals and fabricated metal products, except machinery and equipment 899 91.8 0.5 -0.3 0.7 1.9
[CM] Other manufacturing; repair and installation of machinery and equipment 1,164 117.7 0.4 -1.2 0.7 2.4
DE: Mining and quarrying; energy; water supply; waste management 2,471 95.6 -1.0 3.2 0.1 3.1
[BZ] Mining and quarrying 66 76.5 2.0 -0.6 0.1 -1.1
[DZ] Electricity, gas, steam and air-conditioning supply 2,279 96.3 -1.1 3.4 0.1 3.4
[EZ] Water supply; sewerage, waste management and remediation 126 92.2 1.2 0.9 0.3 0.4
MIGs (2)
Capital goods 2,822 114.4 1.6 -2.1 2.5 5.3
Intermediate goods 2,525 92.0 0.6 -0.7 0.3 0.8
Consumer durables 167 102.1 -3.3 -5.3 1.3 5.9
Consumer non-durables 2,064 104.8 -0.5 0.6 0.6 -1.0
Energy 2,421 97.2 -1.0 3.2 0.2 3.3
  • *Weights (10,000 = B...E).
  • (1) n.e.c. : not elsewhere classifiable.
  • (2) Main industrial groupings: definition in Commission regulation EC of 14 June 2007.
  • (3) Last three months / previous three months.
  • (4) Last three months / same three months of previous year.
  • Source: Insee, SSP, SDES.

Over a year, output was up by 2.4% in the whole industry

Cumulative output over the last three months (March to May 2026) was 2.4% higher than that of the same three months of the previous year in the whole industry, and 2.2% higher in the manufacturing industry. Over this period, output increased sharply in the manufacture of transport equipment (+10.9%) and in mining and quarrying, energy, and water supply (+3.1%).

The rise was slightly more moderate in the manufacture of “other industrial products (metallurgy, chemicals, pharmaceuticals, etc.)” (+0.8%) and in the manufacture of electrical, electronic and computer equipment (+2.6%). In the manufacture of coke and refined petroleum products, which is a branch with a smaller weight than the others, output surged (+15.7%). Conversely, it declined in the food and beverage industries (‑0.5%).

Over one month, output bounced back in construction

In May 2026, output bounced back in construction (+1.2% after ‑0.1%). It increased in specialised construction activities (+1.4% after ‑0.1%) and in building construction (+1.6% after +0.1%). Conversely, it was stable in civil engineering (after ‑0.3%).

In construction, cumulative output over the last three months (March to May 2026) was 2.3% lower than that of the same three months of the previous year.

Variation in the Construction Production

2021 based, SA-WDA changes in %
Variation in the Construction Production (2021 based, SA-WDA changes in %)
NA : A10, (A17), [A38 or A64] Weights* May 2026 April 2026 / March 2026 May 2026 / April 2026 Quarter-on-quarter change (1) Year-on-year change (2)
F : CONSTRUCTION 10,000 90.6 -0.1 1.2 -1.0 -2.3
(F41) Construction of buildings 664 84.2 0.1 1.6 -0.5 -2.8
(F42) Civil engineering 1,246 85.9 -0.3 0.0 -2.3 -5.1
(F43) Specialised construction activities 8,090 91.6 -0.1 1.4 -0.8 -1.9
  • *Weights (10,000 = B...E).
  • (1) Last three months / previous three months.
  • (2) Last three months / same three months of previous year.
  • Source : Insee.

The monthly evolution of the April 2026 manufacturing index has been revised upwards

The evolution of the manufacturing index between March and April 2026 has been revised upwards by 0.2 points, to +0.6% instead of +0.4% (after rounding). The evolution of the industry index between March and April 2026 has also been revised upwards, to +0.3% instead of +0.1% (after rounding).

Revision of variations

(in percentage point)
Revision of variations ((in percentage point))
February 2026 / January 2026 March 2026 / February 2026 April 2026 / March 2026 Q1 2026/Q4 2025 2025 / 2024
Industry (BE) -0.04 0.03 0.16 0.00 -0.05
raw serie 0.04 -0.02 0.05 0.01 -0.04
SA-WDA parameters -0.07 0.05 0.11 -0.01 -0.01
Manufacturing (CZ) -0.03 0.01 0.23 0.02 -0.07
raw serie 0.05 -0.02 0.07 0.01 -0.06
SA-WDA parameters -0.08 0.03 0.16 0.00 -0.01
  • How to read it: in the manufacturing sector, the SA-WDA variation between March 2026 and April 2026 is revised by +0.23 points: +0.07 points are due to the revision of the raw series and +0.16 points to the updating of the SA-WDA parameters.
  • Source: INSEE, SSP, SDES.

For more information

* All data in this publication are seasonally and working days adjusted (SA-WDA). In the commentary, percentage changes by sub-branches are presented, with some exceptions, in descending order of their contribution to the overall percentage change of the industrial production index. The contribution of a sub-branch takes into account its weight and the scale of its change.

The methodology used to build and calculate the industrial production index (IPI) is detailed in the “Documentation” tab of this publication.

Next issue: 5 August 2026 at 08:45 am.

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