France: Unexpected Decline in Industrial Production in August
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Industrial production in France recorded a negative surprise in August, falling by 0.3%
Industrial production in France fell 0.3% in August compared to the previous month, beating analysts' expectations for a 0.3% increase. It followed a 0.6% decline in July. The decline was mainly due to a 2.4% drop in mining and quarrying, as well as in the energy and water sectors, after a 0.2% increase in July. This development is largely linked to lower electricity production, as the previous month had seen its highest level of production sinc…
The 0.3% drop reflected reduced activity at power plants compared to July.
Industrial production in France fell by 0.3 percent in August compared to the previous month.
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