French industrial output surges unexpectedly in October
PARIS (Reuters) - French industrial output rose unexpectedly in October, blowing past forecasts as production of pharmaceutics and cars surged, figures from the INSEE official statistics agency showed on Friday.
Industrial production rose 1.9 percent from September in the biggest monthly increase in six months. It followed an increase of 0.8 percent in September, which was revised up from the 0.6 percent originally reported.
The October result smashed not only the average forecast of a decrease of 0.1 percent in Reuters' poll of 24 economists, but also topped the highest estimate for an increase of 0.5 percent.
The pharmaceutical industry saw output surge 8.2 percent in October while car production jumped 5.7 percent, helping to offset a slowdown in refining.
The following are the main figures given by INSEE (percentage changes). The year-on-year figures compare the last three months with same period a year earlier and three-month figures compare the last three months with preceding three months.
(Reporting by Leigh Thomas; Editing by Laurence Frost)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Typhoon Bavi churns towards Taiwan as China braces for landfall
- Soccer-France, Morocco bring post-colonial ties and family feel to Boston
- Dollar stands tall as Gulf tensions fuel oil price surge, Fed hike bets
Create E-mail Alert Related Categories
ReutersRelated Entities
Industrial ProductionSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share