• French industrial production increased less than expected in January

Market news

10 March 2020

French industrial production increased less than expected in January

According to the report from INSEE, in January 2020, output increased in the manufacturing industry (1.2%, after −2.2%), as well as in the whole industry (+1.2%, after −2.5%). Economists had expected a 1.8% increase in the whole industry.

Manufacturing output decreased over the last three months in manufacturing industry (−1.1%), as well as in the whole industry (−1.1%).

Over the last quarter, output slumped in the manufacture of coke and refined petroleum products (−13.7%). It decreased in "other manufacturing"(−0.9%), in the manufacture of transport equipment (−2.4%), in the manufacture of machinery and equipment goods (−1.5%) and in mining and quarrying, energy, water supply (−0.8%). Conversely, output improved in the manufacture of food products and beverages (+0.4%).

Manufacturing output of the last three months declined compared to the same three months a year ago (−1.7%), as well as the output in the whole industry (−1.8%).

Over a year, output slumped in the manufacture of coke and refined petroleum products (−29.5%). It decreased markedly in the manufacture of transport equipment (−6.0%), in mining and quarrying, energy, water supply (−2.3%), in the manufacture of machinery and equipment goods (−1.7%) and more slightly in "other manufacturing" (−0.3%) and in the manufacture of food products and beverages (−0.4%).

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.