Latest data released by INSEE - 9 November 2018
- Prior +0.3%; revised to +0.2%
- Industrial production -1.1% vs +1.1% y/y expected
- Prior +1.6%; revised to +1.5%
- Manufacturing production -2.1% vs -0.2% m/m expected
- Prior +0.6%; revised to +0.4%
- Manufacturing production -1.0% vs +1.8% y/y expected
- Prior +1.9%; revised to +1.8%
Those are some awful numbers there from the report, with negative revisions to boot. That's certainly not a good reflection of where things are headed in Q4 for the French economy. The only good news for the euro is that this set of figures will already have been accounted for in the Q3 growth data.
In that light, it won't weigh on the euro much today but it clouds the outlook as we await data to come for Q4.
