France: Industrial output falls in March
Industrial output contracted 0.9% month-on-month and in seasonally-adjusted terms in March, on the heels of a revised 0.1% month-on-month expansion in February (previously reported: +0.4% month-on-month s.a.). A pullback in manufacturing drove the downturn, although all major categories suffered losses.
On an annual basis, industrial output fell 0.9% in March (February: +0.5% year-on-year). Meanwhile, annual average variation ticked down to minus 0.1% from 0.2% in February.