French industrial production recovers in October, headline output rises 1.2 pct sequentially

French industrial output rebounded in October. The headline industrial production rose 1.2 percent sequentially after having dropped 1.6 percent in the prior month. In the manufacturing industry, output rose 1.4 percent after falling 1.9 percent in the prior month.

Manufacturing output was virtually stable in the last three months and it rose a bit in the whole industry. In the last three months, output rose in “other manufacturing” and in the manufacture of machinery and equipment goods. It surged in the production of coke and refined petroleum products. It also rose a bit in mining and quarrying, energy, water supply. On the contrary, it diminished in the manufacture of transport equipment and in the production of food products and beverages.

On a year-on-year basis, manufacturing output stayed virtually stable. Output of the last three months was virtually stable compared to the same quarter of 2017 both in the manufacturing industry and in the whole industry.

Output of the past three months dropped sharply in the manufacture of food products and beverages and in the production of transport equipment. On the contrary, it rose again in the manufacture of machinery and equipment goods and increased more slightly in “other manufacturing” and in mining and quarrying, energy, water supply. It was stable in the manufacture of coke and refined petroleum products.

At 12:00 GMT the FxWirePro's Hourly Strength Index of Euro was bullish at 99.1116, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at -42.1254. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex