French Industrial Production Ticks Higher in May, Thanks to Airbus - Forex News by FX Leaders
French industrial production takes off

French Industrial Production Ticks Higher in May, Thanks to Airbus

Posted Thursday, July 11, 2019 by
Arslan Butt • 1 min read

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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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