Bank of France

French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014

French Industry slumps lower in the third quarter as production unexpectedly fell to 0.8%, a number lowest since November 2014. Economists forecasted a 0.2 increase according to Bloomberg survey, making the 0.8 percent downward curve such a big surprise. The statistics office reported Thursday that French industry output fell by 0.8 percent annually. Meanwhile, manufacturing output also dropped by 1 percent this month.

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