French Industrial Production Ticks Higher in May, Thanks to Airbus

French industrial production climbed 2.1% higher in May. This was the biggest monthly jump since November 2016.

French industrial production takes off

According to data released by the official statistics office, INSEE, French industrial production climbed 2.1% higher in May. This was the biggest monthly jump since November 2016.

May’s industrial production picked up on account of increased aircraft production and energy output. April’s industrial output growth was also revised higher, from 0.4% previously to 0.5%.

In May, production in the French energy and utilities sector also ticked 4.6% higher, faster than the 4.0% growth in April. Higher production by Airbus helped the transport sector also grow by 3.3% in May.

Another positive figure was the growth in manufacturing production, which rose 1.6% higher in May. In comparison, manufacturing production had only grown by 0.1% in April.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers