France: Industrial output decelerates in February
April 10, 2012
In February, industrial output rose 0.3% in seasonally adjusted terms over the previous month, which followed the revised 0.2% increase tallied in January (previously reported: +0.3% month-on-month). The reading exceeded market expectations of a 0.2% expansion. On an annual basis, industrial activity dropped 1.9%, which matched the fall observed in January and marked the third consecutive decline after 23 months of uninterrupted positive readings. Moreover, the trend continues to point downwards, with annual average growth falling from 1.8% in January to 1.2%.