French Industrial Production Rose in March
By Maria Martinez
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
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%.
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(END) Dow Jones Newswires
May 07, 2021 02:59 ET (06:59 GMT)
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