France: Industrial production declines in September
November 10, 2016
In September, industrial production contracted 1.1% over the previous month, contrasting the solid 2.3% expansion recorded in August. The print, which marks a seven-month low, matched market expectations. September’s reading reflects a broad-based contraction in all components of the index, with the component comprising mining and quarrying, energy, water supply and waste management dropping the most.
In annual terms, industrial output swung from a revised 0.4% expansion in August (previously reported: +0.5% year-on-year) to a 1.1% decline in September. Annual average growth in industrial production edged down from 1.0% in August to 0.8% in September.