Activity close to its pre-crisis level in the food industry
The level of the production capacity utilization rate in the agri-food industry stands at 79% for the month of July 2020 against 76% in June. This figure reached 72% in July against 69% in June for the entire industry sector. Business leaders in the food industry surveyed by the Banque de France believe that the level of activity in July reached 97% of “normal” against 78% in April. It should remain at the same level as that of July in August.
More generally, the GDP of France fell by 13.8% in the second quarter of 2020.The loss of GDP over a typical week of activity in July was -7% compared to the pre-crisis level ( - 9% for a typical week in June). Economic activity therefore continues to recover, but at a slower pace than in June and well below the pre-crisis level. Activities in August should be stable. " In industry (Editor's note: which includes the agri-food sector), order books are slightly replenished but remain at a low level " also specify experts from the Banque de France.
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