French industrial production rose less than expected in July as agricultural and oil refining output contracted from June, statistics showed Friday.
Industrial output in the eurozone’s second-largest economy rose 0.5% in July from June, statistics agency Insee said. Economists polled by the Wall Street Journal had forecast a 0.7% rise.
Still, for the whole of the second quarter French industrial production recorded firmer growth, up 1.5% on quarter and 3.1% on year, Insee said. Production of automotive and capital goods rose strongly in the second quarter and refining output jumped sharply, up 19.4% on year.
Source: Dow Jones