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Financial News: France Industrial Production Rebounds As Expected In July

France Industrial Production Rebounds As Expected In July

09/08/2017 - 03:43:00 (RTTNews)

(RTTNews) - France's industrial production increased as expected in July after falling in the previous month, the statistical office Insee reported Friday.

Industrial output rose 0.5 percent month-over-month in July, reversing a 1.1 percent drop in June. The figure also matched consensus estimate.

Output in the manufacturing industry recovered slightly by 0.3 percent from June, when it dropped by 0.9 percent. Output of transport equipment logged a growth of 1.9 percent.

Mining and quarrying production grew 2.0 percent and construction output bounced back by 0.6 percent.

On a yearly basis, industrial production advanced 3.1 percent in July, slower than the 3.6 percent growth economists had forecast.

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