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French Manufacturing Output Unexpectedly Drops In December

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French manufacturing production fell 0.8% month-on-month in December after downwardly revised increase of 0.8% in November, data released by the statistical office Insee showed Wednesday. Economists had forecast an increase of 0.2%.

On an annual basis, manufacturing output fell 2% in December, slower than the 3.2% decline in November.

Industrial production dropped 0.1% on a monthly basis in December, reversing a 0.6% rise in November. It was expected to rise 0.5%.

Compared to the previous year, there was a fall of 2.3% in December, faster than the 3.8% drop in the previous month.

(Market News Provided by RTTNews)

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