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France Industrial Output Logs Steady Growth

France's industrial production logged a steady growth in July, the statistical office Insee showed Friday.

Industrial output grew 0.7 percent month-on-month in July, the same pace of expansion as seen in June. Output was forecast to gain at a much weaker rate of 0.2 percent.

At the same time, manufacturing output growth eased to 0.5 percent from 0.7 percent in June. Economists had forecast a 0.2 percent rise for July.

Meanwhile, construction output shrank 1.8 percent, reversing a June's 5 percent increase.

In three months to July, industrial and manufacturing output grew 0.1 percent and 0.5 percent, respectively.

by RTTNews Staff Writer

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