France: Industrial production expands for second consecutive month
March 10, 2015
In January, industrial production expanded a seasonally-adjusted 0.4% over the previous month, which came in below the revised 1.4% expansion tallied in December (previously reported: +1.5% month-on-month). The print, which overshot the 0.3% contraction the markets had expected, reflected a deterioration in both manufacturing and construction.
In annual terms, industrial output swung from a 0.4% contraction in December to a 0.6% increase in January, which marked the first expansion in industrial output since November 2013.
The trend appeared to have stabilized. The annual average variation in industrial production remained unchanged at December’s minus 1.0% in January.
Author: Ricardo Aceves, Senior Economist