France: Decline in industry continues in October

In October, industrial production dropped a seasonally-adjusted 0.3% over the previous month. The reading matched September’s 0.3% contraction (previously reported: -0.5% mom) and fell short of market expectations of a 0.1% expansion. According to the French Statistics Institute, the decrease in the manufacture of coke and refined petroleum products was the most important driver behind the monthly contraction.

Read more about French Industry.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s