French September Industrial Output Slightly Higher Than Expected

France’s industrial output rose slightly more than anticipated in September as pharmaceutical production jumped, statistics showed Friday.

Industrial output in the eurozone’s second-largest economy rose 0.6% in September from August, national statistics agency Insee said.

Economists polled by The Wall Street Journal had forecast a 0.5% expansion.

Insee also revised its August reading upward to an on-month 0.2% decline from minus-0.3% previously.

Pharmaceutical output surged 12% in September after weakness over the summer, Insee’s statistics showed.

Food and equipment output grew slightly in September, while production of transport goods dropped 4.3%.
Source: Dow Jones

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