France's industrial output unexpectedly drops in July

Note: This section contains information in English only.
Source: WBP Online
© Scanpix/Reuters
French industrial production unexpectedly declined 0.6% month-on-month in July, after dropping 1.4% a month earlier, according to INSEE. Analysts expected an increase of 0.5% for the reported timeframe. Manufacturing output decreased 0.7%, after contracting 0.4% in June, whereas a 0.7% rise was forecasted. That translated to industrial output and manufacturing production falling on an annual basis 1.8% and 2.5%, respectively.
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