French December industrial production drops 2.8 percent

By KUNA,

PARIS : Industrial production in France last December declined a provisional 2.8 percent on an adjusted basis, following a finalized 3.6 percent fall in November, the National Statistics Institute (INSEE) said Tuesday.


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The confirmed figure for November was higher than an original estimate of a 3.1 percent fall off in industrial production, INSEE noted.

In energy, automobiles and aviation products are excluded from December’s calculations; as INSEE remarked that the drop in industrial production is gauged at around 1.8 percent for that month.
The largest drops in industrial production were recorded in the intermediary goods sectors, while consumer, agricultural and durable goods production rose, in contrast, but not enough to balance the drop for intermediary goods. (end) jk.hb KUNA 101438 Feb 09NNNN

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