France: Industrial output rebounds in April
Industrial output grew 0.8% month-on-month in seasonally-adjusted terms in April (March: -1.1% mom). The reading reflected a broad-based improvement, with activity in the manufacturing, mining and quarrying and energy sub-sectors all improving in April.
On an annual basis, industrial output rebounded, rising 1.3% in April (March: -0.1% yoy). Moreover, the trend improved modestly, with the annual average variation of industrial production coming in at 0.0%, up from March’s minus 0.2% reading.