French Industrial Production Unexpectedly Declined in April
|06/10/2021 | 12:59am|
By Maria Martinez
French industrial production fell slightly in April, missing expectations for an increase, data from statistics agency Insee showed Thursday.
Total industrial output--comprising output in manufacturing, energy and construction--decreased 0.1% in April compared with March. Economists had forecast a 0.5% increase in April, according to a poll by The Wall Street Journal.
Insee upwardly revised the on-month industrial production figure for March to a 1.0% increase from a 0.8% rise previously.
Compared with February 2020--the last month before the coronavirus pandemic hit Europe--total industrial output was down 5.5% in April 2021 in calendar-adjusted terms.
Manufacturing output was down 0.3% in April compared with the previous month. Energy production rose 1.3%, while construction output fell 0.8%.
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