France’s industrial output posted an increase of 0.8% in July on a monthly basis, after falling 0.9% in June, official data showed on Friday.
It was above the market expectation, which forecast a 0.1% rise in industrial output.
According to the country’s statistical authority Insee, the output also rose by 0.7% for the manufacturing industry after dropping by 1.1% in June.
“In July 2023, output recovered over a month in the ‘other manufacturing’ industries (+1.3% after -1.0%), in mining and quarrying, energy, water supply (+1.2% after -0.2%) and in the manufacture of transport equipment (+0.8% after -0.9%),” Insee said.
It added that output bounced back slightly in the manufacture of food products and beverages (+0.3% after -0.8%), while it decreased again in the manufacture of machinery and equipment goods (-0.6% after -1.8%) and in the manufacture of coke and refined petroleum (-3.4% after -0.5%).
Source: Anadolu Agency