By William Horobin
PARIS--French industrial production rebounded sharply in November after two months of contraction, statistics agency Insee said Tuesday.
Industrial output in the eurozone's second largest economy rose 2.2% on the month in November, while economists polled by The Wall Street Journal had forecast a 0.5% rise. Insee also revised the October figure to a 0.1% decline from a previous reading of -0.2%.
The surge in industrial production indicates the French economy may have accelerated in the final quarter of the year after a soft summer period. The strength in France also suggests industrial production figures for the whole of the eurozone Thursday may come in above expectations.
The rise in French November output figures was powered by increases in all sectors, apart from construction. Coking and refining production surged 6.3% and transport materials output rose 3.4%, Insee said. Agricultural output rose 1.3%, after a 2% drop in October.
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(END) Dow Jones Newswires
January 10, 2017 03:10 ET (08:10 GMT)
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