French industrial production edges past forecasts in August
French industrial production edged past forecasts in August, as factory output more than offset a decline in that of energy.
According to INSEE, total production increased by 0.3% month-on-month (consensus: 0.2%), following an upwardly revised print of 0.8% for July.
Versus one year ago, and for the three months ending in August, output was 1.8% higher while in terms of quarterly rates of change it clocked-in at up by 0.8%.
By sectors, production in Manufacturing grew by 0.6% while in Mining it was down by 1.2%, with that from Construction rising by 0.2%.
Within manufacturing, and in comparison to the month before, the largest decline was a 2.4% drop in that of transport materials, followed by a 0.9% fall in that from refining, but offset by an increase of 1.0% in capital goods.
July's increase in total production was originally reported at up by 0.7%.