France: Industrial activity dips in June
Industrial production dropped 0.9% month-on-month in seasonally-adjusted terms in June (May: +1.1% mom). The reading reflected a broad-based downturn across the major sectors, with manufacturing, mining and quarrying and energy all contracting in June.
On an annual basis, industrial production fell 0.3% in June (May: +2.2% yoy), the worst result since January 2023. Meanwhile, annual average industrial production growth fell to 0.2% in June (May: +0.3%), signaling a worsening trend in the industrial sector.