Latest data released by INSEE - 7 June 2019
- Prior -0.9%; revised to -1.1%
- Industrial production +1.1% vs +1.0% y/y expected
- Prior -0.9%; revised to -0.7%
- Manufacturing production 0.0% m/m
- Prior -1.0%; revised to -1.1%
- Manufacturing production +0.5% y/y
- Prior +0.5%; revised to +0.6%
Industrial activity improved on the month but overall factory activity in the region remains more subdued. Nonetheless, the France relies much more heavily on its services sector so the data here will do little to give us a strong indication of the health of the overall economy.
EUR/USD sits near the lows for the day at 1.1260 currently, a little weaker as the dollar continues to hold steady during the session.
