German, French industrial production down slightly in November

8th January 2016, Comments 0 comments

Industrial production in Europe's two biggest economies fell slightly in November, weighed down by falling activity in the German manufacturing sector and French extractive, energy and water industries, data showed Friday.

The German economy ministry calculated that factory output contracted by 0.3 percent in November compared with a month earlier, corrected for seasonal factors.

In October, output had increased by 0.5 percent.

Manufacturing output was down by 0.8 percent month-on-month, while construction output increased by 1.6 percent and energy output was up 2.5 percent, the ministry said.

Meanwhile, French industrial production slipped 0.9 percent in November compared to a month earlier, the Insee statistics agency said.

While activity in the energy, water and extractive industries fell, manufacturing production grew slightly in the European Union's second leading economy.

© 2016 AFP

0 Comments To This Article