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French Industrial Output Drops In May

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Mani
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French industrial output dropped in May amid widening current account deficit, according to Insee, the national statistics agency.

French Industrial Output Drops In May

The euro zone’s second-largest economy has seen its industrial production dropping 0.4 percent, after a surge of 2.2 percent posted in April.

The contraction is, however, less than 0.8 percent anticipated by economists.

Signs of weakness in France have concerned Europe, as the second-largest economy entered a shallow recession during the first quarter.

According to Insee, French

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports