French manufacturing drops considerably in May

Source: Marketwatch
© Scanpix/Reuters
Industrial production in France surprisingly declined in May of this year, while economists predicted a slight increase in the output. Manufacturing sector of the country decreased 1.7% on a monthly basis, compared to the forecast of a 0.1% advance. Among components, energy production rose, while manufacturing production showed a 2.3% plunge – the biggest in 18 months.
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