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France Industrial Production Rises For Second Month

France's industrial production increased for the second consecutive month in February and the growth came in slightly above expectations, data released by the statistical office INSEE showed Tuesday.

Production rose a seasonally and working-day adjusted 0.3 percent month-on-month, after increasing 0.2 percent in January, revised down from the 0.3 percent preliminary figure. Economists had expected production growth of 0.2 percent for February.

Manufacturing output, however, declined for the third month in a row. In February, factory output fell 1.2 percent, following a 0.1 percent drop in January, which was revised from a 0.2 percent growth reported earlier.

Year-on-year, industrial production decreased 1.9 percent in February, matching the decline in January. Production fell for the third consecutive month. Factory output dropped 3.7 percent, the biggest fall since October 2009. In January, manufacturing declined 1.7 percent.

In the three months to February, industrial production dropped 1.7 percent from a year ago. Manufacturing output fell 1.6 percent.

by RTTNews Staff Writer

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