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France: Industrial activity drops at sharpest pace since May 2024 in April
Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result marked the worst reading since May 2024, and reflected drops in manufacturing and energy output.
On an annual basis, factory output fell 2.1% in April (March: +0.1% yoy), the worst result since May 2024. Moreover, the trend pointed down, with the annual average variation of industrial production coming in at minus 0.8% in April, down from March’s minus 0.5%.
