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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 FEB IND PROD +1.2% M/M (FCST +0.5%); JAN -1.4%r M/M
FRANCE FEB IND PROD +1.3% Y/Y (FCST -0.1%); JAN -1.6%r Y/Y
- French IP kicked off the February round of data with a +1.2% m/m and +1.3% y/y rebound, beating consensus expectations.
- Production was largely higher across all major sectors, bouncing back in transport equipment and to a lesser extent in autos. This strong headline print is despite contractive energy production in February.
- Easing supply chain restrictions and cooling energy prices are assisting French production levels, however, PMI data has continued to flag concerns of slowing demand.
- The continued downturn in PMI data implies that the industry remains on shaky footing, with firms turning pessimistic in their 12-month outlooks in the March survey.
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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