France: Industrial activity drops again in April
Industrial output dropped 0.1% month-on-month in seasonally-adjusted terms in April (March: -0.4% mom). The smaller drop came on the back of stronger energy production. Meanwhile, manufacturing production lost pace.
On an annual basis, industrial production fell 0.3% in April (March: +0.1% yoy). Meanwhile, annual average industrial production growth fell to 2.6% in April (March: +5.3%). This signals a worsening trend in the industrial sector.