France: Industrial production contracts in July
September 10, 2015
In July, industrial production fell 0.8% over the previous month, contrasting the flat reading tallied in June. The result undershot the 0.2% rise that the market had expected and marked a three-month low. The increase reflected a steeper contraction in manufacturing.
In annual terms, industrial output fell 0.8% in July, which contrasted June’s 0.7% growth and was the lowest reading since November 2014.
As a result, the annual average variation in industrial production inched down from June’s 0.2% to 0.1% in July.
Author: Eric Denis , Economist