Industrial Production Takes a Hit

In a recent report by INSEE, France's statistical office, it was revealed that the country's industrial production experienced a 0.6% decrease in January compared to the previous month.

Manufacturing and Construction Sectors Struggle

Manufacturing output wasn't spared, showing a 0.7% decline month on month, with the production of capital goods particularly affected, dropping by 1.9%. The construction sector faced even harsher conditions, with a significant 3.8% decrease in output compared to December.

Yearly Comparisons Show Further Decline

On an annual basis, the situation doesn't improve, with industrial output falling by 1.3%, manufacturing output by 2.1%, and construction output by 3.5% in January.