Disappointing figures from France this morning as industrial output shrinks from July. Analysts have been hoping for the sector to return to growth.
A decrease of -0.6 per cent from July's figure of -1.4 per cent failed to hit market predictions of a 0.6 per cent increase.
July saw a significant slump in the manufacture of transport equipment (-6.7 per cent). Only two of five components saw an increase, with food production and beverages up 0.7 per cent.
Output went down in other manufacturing (-1.7%) and in the manufacture of food products and beverages (-2.6%). On the opposite, output improved in themanufacture of transport equipment (+1.0%) and in the manufacture of coke and refined petroleum products (+3.0%). It was stable in the manufacture of electrical and electronic equipment; machine equipment.