France: Industrial output rebounds stronger than expected
January 10, 2013
In November, industrial output rose 0.5% over the previous month in seasonally adjusted terms, which contrasted the 0.6% drop tallied in October. The monthly increase exceeded market expectations, which had industrial production rebounding to a softer 0.1% expansion and was driven by strong growth in transport equipment and energy production.
On an annual basis, industrial activity contracted 3.6% in November, which was down from the 3.4% drop observed in October and marked the lowest level in six months. Accordingly, annual average variation in industrial production declined from minus 1.9% in October to minus 2.2%.