French industrial production dropped -0.5% MoM (vs +0.3% MoM expected) as manufacturing output fell -1.0% MoM (vs -0.7% MoM in April) and -0.4% YoY, with broad-based weakness across sectors and continued drag from petroleum and intermediate goods.

• “Other manufacturing” (e.g., metals, chemicals, pharma) declined -1.4% MoM; food products -0.6%, machinery -0.8%, coke/petroleum -6.1%.
• Transport equipment output rose +0.9% MoM, driven by “other transport equipment” (+2.8%) despite a -2.0% drop in motor vehicles.
• Intermediate goods production declined -1.6% MoM; energy output rebounded +1.3% after a -6.1% MoM fall in April.
• Construction output fell -0.5% MoM and was down -3.8% YoY, with building construction -1.2% MoM and civil engineering -1.1%.
• April’s manufacturing output was revised slightly lower to -0.7% MoM (from -0.6%).