11 Dec. 2015 Upturn in French Industrial Output is Misleading and Won't Last
11th Dec 2015 04:20Eurozone, Economic Monitor
October industrial production data in France surprised to the upside yesterday, with headline output rising 0.5% month-to-month, well above the consensus estimate and our own forecast for a monthly fall. Production was lifted by a 5.1% month-to-month jump in energy output, due to unusually cold weather, offsetting a 0.5% decline in manufacturing output, the fifth drop in the past six months.
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