Bulletin
Investor Alert

New York Markets Close in:

Dec. 10, 2019, 3:00 a.m. EST

French industrial production up, beating forecasts

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Maria Martinez

French industrial production rose above expectations in October, data from statistics agency Insee showed Tuesday.

The office said that total industrial output--comprised of output in manufacturing, energy and construction--rose 0.4% in October from September, in calendar-adjusted terms. Economists had forecast a 0.2% increase, according to a poll by The Wall Street Journal.

The increase compares with revised growth of 0.4% in September.

Manufacturing output rose 0.5% in October on the month, while construction declined 1.9% and energy 0.1%.

The data comes after disappointing German production figures last week, which showed industrial output down 1.7% in adjusted terms in October on the month, providing fresh evidence of an extended manufacturing recession in Europe's largest economy.

Production grew 8.3% in the pharmaceutical sector. Output of petroleum and refined products fell 16.8% in October after a 11% decrease in September due to a refinery shutdown.

Write to Maria Martinez at maria.martinez@wsj.com

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.