ISTANBUL: France’s industrial output posted a decrease of 2.1% in May on a monthly basis, after rising 0.6% in April, official data showed on Friday.
It was above the market expectation, which had forecast a 1.5% drop in industrial output.
According to the country’s statistical authority Insee, output also dropped by 2.7% for the manufacturing industry after rising by 0.5% in April.
‘In May 2024, output fell back in the ‘other manufacturing industries’ (-3.5% after +0.9%) and in the manufacture of machinery and equipment goods (-4.6% after +2.8%). It decreased again in the manufacture of food products and beverages (-0.6% after -0.7%) and in the manufacture of transport equipment (-0.7% after -2.4%),’ Insee said.
It added that prices bounced back in the manufacture of ‘other transport equipment’ (+3.3% after -4.8%). On the contrary, it increased again in mining and quarrying, energy, water supply (+1.1% after +1.3%) and bounced back in the manufacture of coke and refined petroleum (+3.9% after -0.5%).
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ource: Anadolu Agency