French industrial production drops less than projected

Source: Bloomberg
© Scanpix/Agece France-Presse
French industrial output declined less than experts expected in May. It fell 0.4% after a 2.2% gain in April while economists estimated a 0.8% drop. The Eurozone's currency advanced 0.3 % to $1.2817 at 11:29 a.m. in London. The Bank of France reported this week that a factory executive confidence gauge rose to 96 in June, the highest since September 2011.
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