French Industrial Production Rose in March
French industrial production rose in March, but less than expected, data from statistics agency Insee showed Friday.
Total industrial output –comprising output in manufacturing, energy and construction–increased 0.8% in March compared with February. Economists had forecast a 2.0% increase in March, according to a poll by The Wall Street Journal.
Insee also downwardly revised the on-month industrial production figure for February to a 4.8% decline, from a 4.7% drop previously.
Compared with February 2020–the last month before the coronavirus pandemic hit Europe– total industrial output was down 5.9% in March 2021 in calendar-adjusted terms.
Manufacturing output was up 0.4% in March compared with the previous month and energy production rose 2.9%, while construction output fell 7.3%.
Source: Dow Jones