France: Decline in industrial output softens in March
Industrial output dropped 0.5% in month-on-month seasonally-adjusted terms in March, which was above February’s 1.2% decrease. Looking at the details of the release, manufacturing production declined at a more moderate rate in March.
On an annual basis, industrial production grew 0.1% in March, moderating from February’s 2.1% expansion. Meanwhile, annual average industrial production growth fell to 5.3% in March (February: +6.5%), signaling a worsening trend in the industrial sector.