France industrial production rebounds as expected in July
Industrial output rose 0.5% month-over-month in July, reversing a 1.1% drop in June. The figure also matched consensus estimate.
Output in the manufacturing industry recovered slightly by 0.3% from June, when it dropped by 0.9%. Output of transport equipment logged a growth of 1.9%.
Mining and quarrying production grew 2.0% and construction output bounced back by 0.6%.
On a yearly basis, industrial production advanced 3.1% in July, slower than the 3.6% growth economists had forecast. ■