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French Industrial Output Rises Unexpectedly In January

French industrial production grew unexpectedly in January from the prior month, data from the statistical office Insee revealed Tuesday.

Industrial production rose 0.4 percent month-on-month, defying expectations for a 0.3 percent fall. This was the second consecutive rise in output. Nonetheless, the rate of growth was weaker than the revised 1.4 percent expansion seen in December.

On the other hand, manufacturing output logged an unexpected decline of 0.1 percent, reversing a revised 1.1 percent rise in December. Economists had expected 0.1 percent rise for January.

Within manufacturing, electrical and electronic equipment slid 1.3 percent and other manufacturing fell by 0.4 percent.

At the same time, construction output decreased 0.2 percent in contrast to December's 1.4 percent expansion.

Over the past three months, industrial and manufacturing output gained 0.2 percent each from the previous three months. Manufacturing output dropped 0.7 percent year-on-year and industrial output fell more markedly by 0.9 percent.

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