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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 DEC INDUSTRIAL PRODUCTION +1.1% M/M (FCST +0.3%); NOV +2.0% M/M
FRANCE DEC INDUSTRIAL PRODUCTION +1.4% Y/Y (FCST +0.8%); NOV +0.7% Y/Y
- French industrial production saw a stronger-than-anticipated end to the year in December, expanding by +1.1% m/m and +1.4% y/y.
- Transport equipment production (largely other transport equipment) was the key driver in December, jumping +8.3% m/m after stalling in November.
- Extractive industries also jumped, up +6.0% m/m after -0.3% m/m, however this boost will likely be in part reversed in January due to strike action stalling production.
- Yet the -3.3% m/m slump in capital goods reflects ECB's monetary tightening alongside weak global demand outlooks feeding into weak investment sentiment.
- Outlooks for neighboring Germany are seen as contractive in December, which will likely cancel out the French boost to the Eurozone aggregate print.
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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