In October, industrial output contracted 0.8% over the previous month in seasonally adjusted terms. The contraction followed on a marginal expansion of 0.1% tallied in September. On an annual basis, industrial activity decelerated from a 5.6% rise in September a to 4.7% expansion. The monthly contraction was broad-based with all main sectors contracting over the previous month. Manufacturing contracted 0.8% month-on-month, mainly due to a plunge in the manufacture of coke and refined petroleum (-56.5% mom), which was the result of protests that blocked ports and triggered the shutdown of refineries and petrochemical plants. Meanwhile, construction contracted 0.7% and mining, energy, water and waste management dropped 0.5% mom. Despite the negative October reading, the trend continues to improve, with annual average growth of industrial output jumping from 3.1% in September to 4.3% in October.
Strikes hit industrial production in October
December 10, 2010
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France Economic News
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 23, 2016
The French economy contracted in the second quarter.
September 22, 2016
According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey, the business confidence indicator rose from August’s over-one-year low of 101 points to 103 points in September.