France: Industrial output rebounds in January
March 9, 2012
In January, industrial output rose 0.3% in seasonally adjusted terms over the previous month, which contrasted the revised 1.3% drop tallied in December (previously reported: -1.4% month-on-month). The reading fell short of market expectations of a 0.5% expansion. On an annual basis, industrial activity dropped 1.5%, which was down from the 1.2% fall observed in December and marked the second consecutive decline after 23 months of uninterrupted positive readings. Moreover, the trend continues to point downwards with annual average growth falling from 2.4% in December to 1.8%.