FX & CFD trading involves significant risk
France's industrial production declined more than expected in January, the latest figures from statistical office Insee showed Monday.
Production fell 3.5 percent year-on-year in January, compared to expectations for a 2.8 percent decline. Also, the rate of fall was steeper than the 1.9 percent decrease in the previous month.
Manufacturing output dropped 4.5 percent year-on-year, faster than the 3.1 percent decrease in the previous month.
Month-on-month, total industrial production declined 1.2 percent following a 0.9 percent gain in December. Economists expected a 0.2 percent fall.
Manufacturing output decreased 1.4 percent, faster than the expected 0.2 percent decrease. In January, factory output was up 1.3 percent.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.