French industrial production significantly fell in October, reflecting weakening external demand and high energy prices.
Total industrial output–comprising output in manufacturing, energy and construction–declined by 2.6% on month after a revised 0.9% monthly decline in September.
Economists polled by FactSet expected factory output to post a decrease of 0.2%.
Manufacturing output–the largest component of industrial production–declined 2.0% in October on month and energy production fell by 5.6%. However, construction output rose 1.1% on month, the report showed.
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