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MNI: FRANCE DATA: Industrial Production (Mar 2019)...>

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MNI: FRANCE DATA: Industrial Production (Mar 2019) Review
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- French IP declined for the first time in four months in Mar, coming in at
-0.9% m/m & -0.9% y/y...
- ... contracting at a faster pace than markets had expected (-0.5% m/m & -0.1%
y/y)
- The monthly decline was broad-based
- Energy output fell for a second consecutive month (-0.9% after -3.6% in Feb)
while construction output also fell by 0.9% after rising at its strongest rate
in Feb (4.7% m/m) since Jan 2016
- Manufacturing production declined by 1.0% m/m, its first decline since Nov...
- ... driven by contractions in all key sub-categories with the exception of
consumer durables (+3.0%)
- Despite the weaker Mar performance, French IP rose by 0.9% q/q in Q1 after
having declined by 0.4% q/q in Q4...
- ... with manufacturing up 1.1% in Q1 after a 0.1% contraction in Q4

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