47338
French Factory Output Contracts
World Economy

French Factory Output Contracts

French industrial production unexpectedly fell in June dragged down by the oil transformation industry as several refineries in the country were shut down because of a strike, official data showed Wednesday, Nasdaq reported. Industrial production in the eurozone’s second-largest economy contracted 0.8% month-over-month as coking and refining output dropped 12% and production in the food industry fell 2.3%, statistics agency Insee said. The figures were lower than expected, confirming the weak economic growth data for the second quarter released late last month. Economists polled by The Wall Street Journal had forecast a 0.1% increase in industrial production. Insee had said that industrial production had already shrunk 0.5% in May. Similarly, construction output dropped 0.2% versus May’s 0.6% increase. In the second quarter, output decreased slightly in the manufacturing industry by 0.2% sequentially and overall industrial production dropped marginally by 0.1%.

Short URL : http://goo.gl/24t22B
  1. http://goo.gl/ge8bFm
  • http://goo.gl/FKLKe5
  • http://goo.gl/BUvvtm
  • http://goo.gl/4RR6hD
  • http://goo.gl/YB3WX0

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Sudanese Hit by Bread Shortages
Bread shortages have hit Sudan, with wheat traders blaming a...

Trending

Googleplus