French manufacturing production fell by 1.6% MoM in July
The country’s overall industry output also fell 1.6% mo-m in July after rising 1.2% mo-m in June. It fell 0.2% year-on-year in the May-July quarter of this year.
French manufacturing output fell 1.6% in July from the June figure after rising 0.9% month-on-month (MoM) in June. It increased by 1.8% year-on-year (YoY) during the May-July period. The same textiles, apparel, leather and related products fell 3.9% year-on-year in July, while the May-July quarter saw a 7.9% increase year-on-year.
In July this year, production fell in most French industries, according to a note from the National Institute of Statistics and Economic Studies (INSEE).
In the machinery and capital goods sector, manufacturing output fell 1.9% month on month in July after rising 2.8% in June.
In the transportation equipment sector, manufacturing output fell 1.8% month-on-month in the month after rising 2.9% in June.
On the contrary, output rebounded in the manufacture of coke and refined petroleum, posting a rise of 1.1% month on month in July after a drop of 2.8% in June.
Fibre2Fashion (DS) News Desk