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- French industrial production falls more than expected
French industrial production falls more than expected
France's industrial production declined more than expected in January, the latest figures from statistical office Insee showed Monday.
Production fell 3.5 percent year-on-year in January, compared to expectations for a 2.8 percent decline. Also, the rate of fall was steeper than the 1.9 percent decrease in the previous month.
Manufacturing output dropped 4.5 percent year-on-year, faster than the 3.1 percent decrease in the previous month.
Month-on-month, total industrial production declined 1.2 percent following a 0.9 percent gain in December. Economists expected a 0.2 percent fall.
Manufacturing output decreased 1.4 percent, faster than the expected 0.2 percent decrease. In January, factory output was up 1.3 percent.
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