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11 Mar 2014
Flash: France still struggling - Rabobank
FXStreet (Barcelona) - Philip Marey of Rabobank notes that France continues to struggle finding the economic momentum François Hollande is dearly looking for.
Key Quotes
“Due to lower gas and electricity production, industrial output in January was 0.2% lower than during the month before.”
“Manufacturing output, which forms an important part of total industrial production, did manage to grow by 0.7% mom, however, this was mostly driven by a sharp increase (+12.6%) in the manufacturing of coal and petroleum products following strikes in December.”
“Tomorrow we'll see how the individual figures add up when Eurostat releases the euro area’s IP figures.”
Key Quotes
“Due to lower gas and electricity production, industrial output in January was 0.2% lower than during the month before.”
“Manufacturing output, which forms an important part of total industrial production, did manage to grow by 0.7% mom, however, this was mostly driven by a sharp increase (+12.6%) in the manufacturing of coal and petroleum products following strikes in December.”
“Tomorrow we'll see how the individual figures add up when Eurostat releases the euro area’s IP figures.”