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​French industrial output fell for the third month in a row in May

2018-07-10 09:06 am | Resource: NEWS | No Views : 114

French industrial output fell for the third month in a row in May, defying economists' expectations for an increase, the statistical office Enzi said on Tuesday.

Industrial production fell seasonally adjusted by 0.2% on a monthly basis in May, slower than the 0.5% drop in April. At the same time, it was expected to rise by 0.6 percent. Industrial production shrank 0.6% in May against an expected 0.5% rise.

The data also showed that construction production rose by 1.9 per cent during the month, while output in the mining and quarrying sector grew by 1.9 per cent.

In the three months to May, industrial production fell by 0.8 percent from the previous three months, and industrial production fell by 0.5 percent

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Time frame Used - four hours The USD/JPY is moving in a sideway direction in the near term. The USD/JPY is still facing resistance and selling pressure around levels of  111.42 - 110.92 as the USD/JPY is floating in a narrow range and the USD/JPY is moving above the Bollinger's moving average line within the narrow range, indicating a potential price explosion but Not yet determined in any direction. In…

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