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MNI, NEWS
MNI: FRANCE DATA: Industrial Production (Jun 2019) 
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- French IP declined at its steepest monthly pace since Jan 2018 in Jun...
- ... with the 2.3% drop heftier than expected by markets (Bbg consensus: -1.2%)
- May's monthly gain, meanwhile, was revised down by 0.1pp to a still strong
2.0%
- The annual rate fell to zero in Jun and on a quarterly basis, French IP
expanded by 0.3% in Q2 (following a 1.0% expansion in Q1)
- The monthly contraction was driven by core manufacturing (-2.2%) and energy
(-3.1%), but was limited by a 1.2% increase in construction output
- Within manufacturing, there was broad-based weakness across sectors: capital
goods (-2.8%); intermediate goods (-0.3%); consumer durables (-2.1%); and
consumer non-durables (-3.1%)