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- French industrial production rose more than forecast in October
French industrial production rose more than forecast in October
National Institute of Statistics and Economic Studies (INSEE) said that in October 2019 output increased in the manufacturing industry (+0.5%, after +0.8%), as well as in the whole industry (+0.4%, after +0.4%). Economists had expected a 0.2% increase in the whole industry.
Over the last three months, output decreased in manufacturing industry (−0.8%), and more strongly in the whole industry (−1.2%). Over the last three months, output slumped in the manufacture of coke and refined petroleum products (−10.9%). It declined markedly in mining and quarrying, energy, water supply (−3.3%) and in the manufacture of machinery and equipment goods (−1.9%) and more moderately in “other manufacturing” (−0.3%), in the manufacture of transport equipment (−0.8%) and in the manufacture of food products and beverages (−0.5%).
In the manufacturing industry, output of the last three months was lower than the same months of 2018 (−0.3%), as well as in the whole industry (−0.4%). Over a year, output slumped strongly in the manufacture of coke and refined petroleum products (−21.1%). It dipped in mining and quarrying, energy, water supply (−1.3%), in the manufacture of machinery and equipment goods (−1.1%), in the manufacture of food products and beverages (−0.6%) and it was virtually stable in the manufacture of transport equipment (−0.1%). Conversely, output increased slightly in “other manufacturing” (+0.5%).
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