France's industrial production declined at the fastest pace in three months in July on sharp contractions in production of transport equipment and machinery, signaling a weak start to the third quarter after Prime Minister François Bayrou lost a confidence vote in the Parliament this week. Industrial production logged a monthly fall of 1.1 percent in July, partially offsetting the 3.7 percent rise in June, the statistical office INSEE reported Monday. This was the biggest fall since April but was better than economists' forecast of 1.4 percent drop.
Likewise, manufacturing output decreased 1.7 percent, in contrast to the 3.5 percent rise in the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.