The French statistical office Insee its industrial production figures on Wednesday. Industrial production in France declined 1.6% in December, missing expectations for a 0.2% increase, after a 0.9% fall in November. It was the biggest drop since May 2014.

Manufacturing output decreased 0.8% in December, while construction output slid 1.6%.

Output in mining and quarrying, energy, water supply and waste management dropped 5.2% in December.

On a yearly basis, the French industrial production climbed 2.0% in December, after a 2.8% gain in November.