France: Industrial output up in April
June 11, 2012
In April, industrial output rose 1.5% in seasonally adjusted terms over the previous month, which contrasted the revised 1.0% contraction tallied in March (previously reported: -0.9% month-on-month) and market expectations of a 0.1% drop.
On an annual basis, industrial activity added 0.9% in April, which contrasted the 1.0% fall observed in March breaking a streak of four consecutive declines. However, the trend continues to point downwards, with annual average growth inching down from 0.9% in April to 0.8%.