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- Decline in French industrial output eases as expected in December
Decline in French industrial output eases as expected in December
Industrial
production declined 2.1 percent on an annual basis in December, which matched
economists' expectations. The rate of fall was faster than the 3.8 percent fall
seen in November.
On a
monthly basis, industrial production edged down a seasonally adjusted 0.1
percent in December, reversing the previous month's 0.5 percent increase.
Driving the
overall contraction, manufacturing production fell 3.9 percent annually, faster
than the 1.4 percent fall economists had forecast.
Month-on-month,
factory output decreased 0.1 percent during the month, as it did in November.
Economists had forecast a faster decline of 0.3 percent, data showed.
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