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”.© FxWire Pro 2019. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.