France: Industrial production contracts at faster pace in August
Latest reading: Industrial production—excluding construction—fell 0.7% in calendar- and seasonally adjusted month-on-month terms in August, following a 0.1% fall in the prior month.
Relative to the previous month’s figures, readings in August softened for manufacturing (-0.7% on a calendar- and seasonally adjusted month-on-month basis vs -0.5% in July), mining and quarrying (+0.4% vs +2.8% in July) and energy (-0.7% vs +1.8% in July).
In calendar- and seasonally adjusted year-on-year terms, industrial production rose 0.4% in August, following a 1.8% rise in the previous month.