France’s and Italy’s industrial output edges up in September
In the third quarter, France’s factory output climbed 0.4% from the previous quarter owing to higher consumer spending in the summer months as well as stronger output in the transport, water and energy sectors. Manufacturing output also rose 0.1% in the July-September period.
The Bank of France expects the economy to grow by 0.4% in the fourth quarter of this year.
Italy’s industrial output climbed 0.2% month over month in September, falling below economists’ estimates which called for an increase of 0.4% in a survey by Wall Street Journal. Higher production in intermediate goods, which posted a monthly increase of 0.7%, was cited as the main reason behind the increase; however production in consumer goods and non-durable goods declined 1% and 1.4%, respectively from a month earlier while energy production was also down 1.5% in September.
On a yearly basis, Italy’s industrial output climbed 1.7% in workday-adjusted terms in September, although Wall Street Journal economists had expected to see a gain of 1.9% in September compared with the same month of 2014.
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