French economy shows signs of slowing

10th August 2011, Comments 0 comments

The French economy continues to slow, as industrial output slumped badly, official data showed Wednesday.

Industrial production in June fell 1.6 percent from May when it showed a gain of 1.9 percent, French statistics agency INSEE said.

Manufacturing output alone slumped 1.9 percent, more than reversing a rise of 1.4 percent in May.

Meanwhile, the current account deficit -- the broadest measure of a country's trade performance -- narrowed to 3.4 billion euros ($4.86 billion) from a deficit of 5.5 billion euros in May, the central bank said.

© 2011 AFP

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