France: Decline in industrial output softens in October
Industrial production slid 0.3% month-on-month in seasonally adjusted terms in October (September: -0.6% mom s.a.). October’s smaller drop was largely driven by a rebound in manufacturing output. That said, mining and quarrying output fell at a sharper rate.
On an annual basis, industrial production increased 1.8% in October, contrasting September’s 0.3% fall. Accordingly, the trend improved, with the annual average growth of industrial production coming in at 0.7% in October, up from September’s 0.3%.