France: Industrial production drops in December
February 10, 2017
Industrial production swung from a revised 2.4% expansion in November (previously reported: +2.2% month-on-month) to a 0.9% contraction in December. The reading was worse than market analysts’ expectations of a softer 0.7% drop. The decline in industrial output reflects an across-the-board drop in all sub-components of the index with the mining and quarrying, energy, water supply and waste management component declining the most.
In annual terms, industrial production slowed from a revised 1.9% expansion in November (previously reported: +1.8% year-on-year) to 1.3% in December. Meanwhile, annual average growth in industrial production edged up from 0.2% to 0.4%.