Financial News: French Industrial Output Falls Most In 19 Months

French Industrial Output Falls Most In 19 Months

07/05/2024 - 07:38:00 (RTTNews)

(RTTNews) - France's industrial production declined at the steepest pace in just over one-and-half years in May amid weak manufacturing output, data from the statistical office INSEE showed on Friday.

Industrial output fell 2.1 percent on a monthly basis, reversing a 0.6 percent rebound in the previous month.

Further, this was the sharpest decline since October 2022, when output had fallen 3.7 percent.

Similarly, manufacturing output contracted 2.7 percent monthly in May, which was the biggest fall in eighteen months.

Within manufacturing output, the manufacture of machinery and equipment goods decreased the most by 4.6 percent.

The manufacturing of food products and beverage goods dropped by 0.6 percent, while that of coke and refined petroleum products grew by 3.9 percent.

Data showed that transport equipment output contracted 0.7 percent in May, slower than the 2.4 percent fall a month ago. Mining and quarrying output showed a decline of 2.2 percent, and construction production was 1.0 percent lower.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

CB Employment Trends Index Signals Slowdown In Payroll Additions (02 hr(s), 11 min(s), 02 sec(s) ago)
(RTTNews) - A leading indicator for payroll employment in the U.S. decreased in June, extending th ...Full Story»

Denmark Industrial Production Plunges 6.0% (05 hr(s), 18 min(s), 02 sec(s) ago)
(RTTNews) - Denmark's industrial production declined sharply in May after rebounding in the pr ...Full Story»

Japan Labor Cash Earnings Rise Most In 11 Months (05 hr(s), 51 min(s), 02 sec(s) ago)
(RTTNews) - Japan's total labor cash earnings continued to increase in May, and at the quickes ...Full Story»

Czech Industrial Outout Decline Worsens, Trade Surplus Grows (07 hr(s), 0 min(s),02 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production decreased for the third straight month ...Full Story»

Eurozone Sentix Investor Confidence Weakens Sharply (07 hr(s), 39 min(s), 02 sec(s) ago)
(RTTNews) - Euro area investor sentiment lost its recovery trend and fell sharply in July as both ...Full Story»

Lithuanian Inflation Rises To 0.7% (09 hr(s), 19 min(s), 02 sec(s) ago)
(RTTNews) - Lithuania's consumer price inflation rose for the third straight month in June to ...Full Story»

Romanian GDP Growth Eases To 0.5%, Less Than Estimated (09 hr(s), 55 min(s), 02 sec(s) ago)
(RTTNews) - Romania's economic growth moderated less than initially estimated in the first qua ...Full Story»

German Exports Fall For First Time In 3 Months (10 hr(s), 18 min(s), 02 sec(s) ago)
(RTTNews) - Germany's exports declined for the first time in three months in May as demand fro ...Full Story»