French industrial production rebounded in September. Sequentially, the industrial production grew 0.3 percent, following the fall of 0.9 percent in the prior month. The manufacturing industry recovered, growing 0.6 percent after falling 0.8 percent in August. Overall, in the third quarter, the industrial production dropped 1.2 percent. The manufacturing industry output also dropped, falling 1 percent.
In the third quarter, the output dropped noticeably in the manufacturing of coke and refined petroleum products, in the manufacture of machinery and equipment goods and in mining and quarrying, energy, water supply. Output also dropped in “other manufacturing”, in the manufacture of food products and beverages and in the manufacture of transport equipment.
On a year-on-year basis, the industrial output dropped 0.4 percent. The manufacturing dropped 0.4 percent as well. Output fell strongly in the manufacturing of coke and refined petroleum products, by 13.3 percent year-on-year.
The manufacturing of transport equipment also dropped, falling 1.2 percent, whereas the manufacture of food products and beverages dropped 0.9 percent. On the contrary, output rose a bit in “other manufacturing”.
Commentary
French industrial production rebounds slightly in September, output drops in Q3 2019
French industrial production rebounded in September. Sequentially, the industrial production grew 0.3 percent, following the fall of 0.9 percent in the prior month. The manufacturing industry recovered, growing 0.6 perce…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
