France: Industrial output contracts in November
Industrial production contracted 0.5% in month-on-month terms in November, contrasting the 1.7% increase observed in October. The decline, which matched market analysts’ expectations, reflected contractions in manufacturing output and construction activity.
In annual terms, growth in industrial production moderated from a 5.5% increase in October to 2.5% in November. Meanwhile, annual average growth in industrial production remained steady in November at October’s 2.0%.