83254
French Factory Output Falls
French Factory Output Falls

French Factory Output Falls

French Factory Output Falls

French industrial production fell sharply and unexpectedly in January on declines in energy and manufacturing output, statistics showed Friday, MarketWatch reported. Industrial production in the eurozone’s second-largest economy fell 2% in January from December, statistics agency Insee said. Economists polled by the Wall Street Journal had forecast industrial production to hold up at the same level in January as December. The soft industrial-output figures at the start of the year contrast with France’s bumper economic performance in 2017. That strong economic performance had led economists to revise up their expectations for 2018. Insee said manufacturing output dropped 1.1% month on month in January and energy and water production tumbled 6.7%. It also reported declines in the production of clothing, chemicals and pharmaceuticals, rubber and metals. Still, Insee said equipment output rose 1.4% month-on-month in January, boosted by machine production.

 

Short URL : https://goo.gl/FevrWC
  1. https://goo.gl/fzS72P
  • https://goo.gl/Hi3KdA
  • https://goo.gl/jou84N
  • https://goo.gl/E1k4hu
  • https://goo.gl/P5qE4n

You can also read ...

Jordan Approves New IMF-Guided Tax Law
Jordan’s cabinet on Monday approved major IMF-guided proposals...
SBI Reports Record $1.1b Loss
State Bank of India reported a loss of Rs. 7,718 crore ($1.1...
US, China are nearing a deal to remove American sales ban against ZTE.
US President Donald Trump retreated from imposing tariffs on...
IHS Markit to  Buy Rival Ipreo  for $1.8 Billion
Data firm IHS Markit Ltd. said it will buy smaller rival Ipreo...
Philippines May Suspend Excise Taxes on Petroleum Products
The Philippine government will suspend the collection of...
Dubai Bank to Buy Turkey’s Denizbank for $3.2 Billion
Dubai’s biggest lender the National Bank of Dubai has agreed...
An EC document says Airbus will repay an A350 loan to the UK government this year  and reduce the drawdown of other loans.
Airbus plans to set out measures that will bring it into line...
EU, Mercosur Discuss Trade Deal
The European Union and South America’s Mercosur bloc could...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus