French industrial production sees sharp rebound in Nov after two months of contraction

French industrial production rebounds sharply in the month of November, statistics agency Insee said Tuesday. Higher petroleum and transport equipment output supported a faster than expected pace of rise in France's industrial production in November.

Insee data showed Tuesday that France's industrial production rose 2.2 percent month-over-month, in contrast to October's 0.1 percent fall. Data beat economists' forecasts for a 0.6 percent rise for November. Output grew the most since August, when output grew 2.6 percent.

Manufacturing output advanced 2.3 percent, reversing a 0.6 percent fall in October. This was also the fastest growth in three months and exceeded the expected growth of 0.7 percent. Meanwhile, construction contracted 0.3 percent after rising 2 percent in the prior month.

The surge in industrial production suggests economic growth in France may have accelerated in the final quarter of the year. The strength in France also stokes expectations for upbeat industrial production figures for the whole of the Eurozone (due Thursday).