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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FRANCE DATA
MNI (London)
FRANCE APR INDUSTRIAL PROD +0.8 M/M (FCST +0.3%); MAR -1.1% M/M
FRANCE APR INDUSTRIAL PROD +1.3% Y/Y (FCST +1.2%); MAR -0.1% Y/Y
- After a flat Q1 contribution, French industrial production kicked off the round of April eurozone IP data, with a more robust than expected +0.8% m/m and +1.3% y/y expansion. Manufacturing output grew +0.8% m/m and +2.1% y/y.
- A rebound in energy/extractive industries, capital goods and other transport equipment (despite an auto decline) drove the stronger April print. This was partially boosted by less substantial strike action in April.
- The April uptick follows the French manufacturing PMI signalling a contractionary start to Q2, and the fastest deterioration in business conditions since May 2020.
- Recent PMI data has generally been very downbeat, flagging a continued decline in new orders and implying that outlooks remain stagnant.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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