France: Industrial output ticks higher in July
September 7, 2018
In seasonally-adjusted terms, industrial output rose 0.7% month-on-month in July, in line with June’s reading. Manufacturing was behind the summertime momentum as transport-equipment and machinery output accelerated.
On an annual basis, industrial output grew steadily from a year earlier, expanding 1.8% in July (June: 1.9% year-on-year). Meanwhile, annual average growth ticked down to 2.5% from 2.7% in June.
Author: Christopher Thomas, Economist