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French Industrial Production fell by 1.1%

Thursday, Nov 10 2016
French Industrial Production fell by 1.1%

In September 2016, output fell back in the manufacturing industry (-1.1% after +2.4% in August), as well as in the whole industry (-1.1% after +2.3%). Over the third quarter of 2016, output grew slightly in the manufacturing industry (+0.2%) compared to the previous quarter. It was virtually stable in the overall industry (-0.1% q-o-q), due to a sharp fall in mining and quarrying; energy; water supply (-2.0%).

Output grew in the manufacture of food products and beverages (+1.7%) and bounced back strongly in the manufacture of coke and refined petroleum products (+14.9%). It was virtually stable in “other manufacturing” (+0.1%) and increased slightly in the manufacture of machinery and equipment goods (+0.3%). Conversely, it fell sharply in the manufacture of transport equipment (-2.3%).

 

Euro is currently being traded 1.09 handle. Pair is likely to find support around 1.0850 area and resistance above 1.0950 level.

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