France Industrial Output Recovers … RTT
France Industrial Output Recovers In June
France’s industrial and manufacturing output rebounded in June driven by a recovery in petroleum output, data from the statistical office Insee showed Friday.
Industrial output climbed 0.6 percent month-on-month in June, reversing a 0.2 percent fall in May.
Production was expected to gain 0.5 percent.
Likewise, manufacturing output advanced 0.6 percent, in contrast to a 0.5 percent fall a month ago.
Economists had forecast output to remain flat.
Data showed that manufacture of coke and refined petroleum products surged 25.2 percent, after a sharp 14.4 percent decrease in May.
Construction output logged a notable monthly expansion of 3.9 percent, following a 3.4 percent decrease.
Another report from Insee revealed that private payroll employment grew at a moderate pace of 0.2 percent, the same pace of increase as seen in the first quarter. Net job creations totaled 31,000 after 46,000
in the previous quarter.
Year-on-year, private payroll employment rose 1.3 percent.
by RTTNews Staff Writer