France: Industrial activity deteriorates in March
Industrial production dropped 1.1% month-on-month in seasonally-adjusted terms in March (February: +1.4% mom). The reading reflected a broad-based downturn across the major sectors, with manufacturing, mining and quarrying and energy all contracting in March.
On an annual basis, industrial output fell 0.1% in March (February: +0.9% yoy). Meanwhile, the trend with the annual average variation of industrial production coming in at minus 0.2% in March, February’s minus 0.2% reading.