• French industrial production rebounds slightly in September, output drops in Q3 2019

    Source: FxWire Pro - Commentary / 08 Nov 2019 10:49:12   America/New_York

    French industrial production rebounded in September. Sequentially, the industrial production grew 0.3 percent, following the fall of 0.9 percent in the prior month. The manufacturing industry recovered, growing 0.6 percent after falling 0.8 percent in August. Overall, in the third quarter, the industrial production dropped 1.2 percent. The manufacturing industry output also dropped, falling 1 percent.

    In the third quarter, the output dropped noticeably in the manufacturing of coke and refined petroleum products, in the manufacture of machinery and equipment goods and in mining and quarrying, energy, water supply. Output also dropped in “other manufacturing”, in the manufacture of food products and beverages and in the manufacture of transport equipment.

    On a year-on-year basis, the industrial output dropped 0.4 percent. The manufacturing dropped 0.4 percent as well. Output fell strongly in the manufacturing of coke and refined petroleum products, by 13.3 percent year-on-year.

    The manufacturing of transport equipment also dropped, falling 1.2 percent, whereas the manufacture of food products and beverages dropped 0.9 percent. On the contrary, output rose a bit in “other manufacturing”.

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