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French Industrial Production decreased by 0.5%

Friday, Jul 08 2016
In May 2016, output was stable in the manufacturing industry after a rebound in April (+1.3%). It fell back in the whole industry (-0.5% after +1.2%). Over the past three months, output diminished in the manufacturing industry (-0.9% q-o-q), and to a lesser extent in the overall industry (-0.3%).
Output decreased in “other manufacturing” (-1.3%), in the manufacture of food products and beverages (–1.5%), in the manufacture of machinery and equipment goods (-1.3%). It tumbled in the manufacture of coke and refined petroleum products (-5.0%). Conversely, output rose sharply in mining and quarrying; energy; water supply (+3.7%) and in the manufacture of transport equipment (+2.9%).
 
Euro is currently being traded few points below 1.1050 level. Pair is likely to find support around 1.10 handle and resistance above 1.1150 level.
 
More in this category: « Private sector employment up by 172,000 jobs UK Goods Trade Balance deficit narrowed to £9.9 billion »

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