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French industrial production declines 0.9% in April

 

The French statistical office Insee its industrial production figures on Wednesday. Industrial production in France fell 0.9% in April, missing expectations for a 0.4% gain, after a 0.3% decline in March. It was the first decrease in five months.

 

 

The decline was driven by declines in aerospace, automobiles and textiles.

 

 

Output in the transport equipment sector plunged 3.3% in April due to a 5.0% drop in transport equipment and a 1.4% decline in the automobile sector.

 

 

On a yearly basis, the French industrial production rose 1.1% in April, after a 1.3% gain in March.

 

 

Construction output declined 0.8% in April, after a 0.5% increase in March.



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