France: Industrial output continues to drop
May 10, 2012
In March, industrial output fell 0.9% in seasonally adjusted terms over the previous month, which followed the revised 0.9% increase tallied in February (previously reported: +0.3% month-on-month). The reading exceeded market expectations of a 0.6% drop. On an annual basis, industrial activity dropped 0.9%, which followed the 1.4% fall observed in February and marked the fourth consecutive decline. Moreover, the trend continues to point downwards, with annual average growth falling from 1.3% in February to 1.0%.