October 10, 2018 / 6:48 AM / 2 months ago

French industrial output growth slowed in August but beat forecasts

PARIS (Reuters) - Growth in French industrial production slowed in August from the previous month, according to figures from the INSEE official statistics agency, but beat forecasts.

Industrial output in August grew by 0.3 percent, compared to 0.8 percent registered in July, INSEE said on Wednesday. A Reuters poll of 25 economists had given an average forecast for August industrial production growth of 0.1 percent. FRIP=ECI

France eked out quarterly growth of only 0.2 percent in the first two quarters of the year as strikes curbed activity, while warm spring weather kept energy spending low.

Last week, the country’s official INSEE statistics body said French economic growth would nevertheless more than double to 0.5 percent in the third quarter and come in at 0.4 percent in the final three months, while tax cuts could give a further fillip.

For full details from INSEE: here

Reporting by Sudip Kar-Gupta; Editing by Andrew Heavens

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