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French industrial output falls sharply in June

French manufacturing and industrial output fell more than expected in June, after rising in May, data from the country's National Institute of Statistics and Economic Studies showed.

French industrial production dropped 2.3%, in contrast to a 2% increase last month. The consensus estimate of economists polled by Econoday was for a 1.6% decrease.

Manufacturing output dropped 2.2%, after gaining 1.6% in May. Manufacturing output dropped in all key areas but rose 0.7% in food products and beverages.

On a quarterly basis, manufacturing declined marginally by 0.3% while industrial output rose 0.3%. Year over year, manufacturing production grew 1% and industrial output rose 1.6%.