France: Industrial production remains sluggish
November 7, 2014
Industrial production growth was flat in September over the previous month, in seasonally-adjusted terms. The reading came in above the revised 0.2% contraction observed in August (previously reported: 0.0% month-on-month), but overshot the 0.2% contraction that markets had expected. The subdued print reflected that contraction in construction offset an improvement in manufacturing output.
On an annual basis, industrial production contracted 0.3% in September, which mirrored the 0.3% decrease tallied in August. Annual average growth in industrial production inched up from August’s minus 0.5% to minus 0.4% in September.
Author: Ricardo Aceves, Senior Economist