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France’s industrial output tops forecasts in December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/02/2015 (13:28)
On February 10, France’s National Institute of Statistics (INSEE) reported that the country’s industrial output grew at a faster pace than expected in December. The country’s industrial output increased 1.5% in December following a revised 0.2% decrease in November. Initial estimates called for a 0.4% increase in a survey conducted by Reuters.

INSEE reportedly cited stronger output in the energy and transport sectors, especially in aviation and rail, as the main reason behind the country’s larger than expected output figures. Production in the manufacturing sector, meanwhile, climbed 1.2% following a 0.5% decrease in the preceding month.

Meanwhile, INSEE and France’s central bank expect the country’s economy to grow 0.1% in the first quarter of 2015 while according to France’s President, Francois Hollande, the French economy will grow by 1.0% in 2015 on the back of a slump in oil prices and a lower euro against dollar.
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