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France August industrial production +1.3% vs +1.7% m/m expected

October 9, 2020 by admin 0 Comments

Latest data released by INSEE – 9 October 2020

Prior +3.8%
Industrial production -6.2% vs -5.7% y/y expected
Prior -8.3%

Manufacturing production +1.0% vs +2.4% m/m expected
Prior +4.5%
Manufacturing production -7.0% vs -5.5% y/y expected
Prior -8.5%

French factory activity is seen improving still in August, though less than estimated, but there isn’t anything here to really change the narrative that we have learned from recent PMI data. Despite the improvement, they still remain below pre-virus levels:
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This article was originally published by Forexlive.com. Read the original article here.