French June industrial production -1.1% m/m vs -0.5% exp
Industrial output from France in June -1.1% m/m below -0.5% expected.
- Industrial output 2.6% y/y, below 3.1% expected and 3.2% prior.
- Industrial output m/m was 1.9% prior.
- Manufacturing output 3.3% y/y, same as prior but above expectation of 3.2%
- Manufacturing output -0.9% m/m, slight beat on -1% expected and still negative, down from 2% prior.
Misses across most metrics there for manufacturing sector and industrial production as a whole.