Surprise fall in France’s industrial production in Oct

According to media reports, data from France’s statistical office Insee showed that the country’s industrial production declined by 0.2% on a monthly basis in October while economists’ expectations were calling for a 0.6% rise. Industrial production was reportedly influenced by the decline in manufacturing output in the same month.

The country’s manufacturing output was down by 0.6% in October and fell below the expectations of a 0.7% increase. This fall was mainly driven by the decline in machinery output by 4.7% and the decrease in transport equipment production by 2.2% in October month on month.
Despite the decreases in the items mentioned above, the country’s construction output recovered by 2.1% in October on the month after a fall of 1.7% in September, data showed.

On a quarterly basis, meanwhile, data also showed that industrial output was up by 0.7% while manufacturing output grew by 0.8% in Q3 in 2016.