French industrial output decreases more than expected

Source: RTT News
© Scanpix/FP
French industrial output slipped by 3.6% on annual basis in October, comparing with 2% loss in the last month, according to the statistical office Insee's report on Monday. Manufacturing output was lower by 4% comparing with last year and that was sharper decline, than a 0.3% drop expected by economists. On the monthly basis, manufacturing lost 0.9% following a 3.4% contraction in September.
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