Recent Updates

  • Bosnia: CPI (Dec)
  • Canada: Wholesale Trade, MSIO (Nov)
  • Canada Regional: Wholesale Trade, MSIO by Province (Nov)
  • US: Philadelphia Fed Nonmfg Business Outlook Survey (Jan)
  • Hungary: Wages (Nov), Fostered Workers, Social Security Balance (Dec), Maturity Profile of Central Government Debt (Q4)
  • Ireland: PPI, WPI (Dec), Personal Bankruptcy (Q4)
  • Mexico: Employment (Dec)
  • Budget Implementation (Nov)
  • more updates...

Economy in Brief

Industrial Production Slips and Slows in France
by Robert Brusca August 10, 2007

For the second quarter as whole, industrial production is off in France at a 1% pace. This drop is led by weakness in auto output that has fallen at a 9.2% annual rate in the quarter. But the output of consumer goods and intermediate goods has gone flat in the quarter. Capital goods output is still expanding at a slightly slower 1.3% annual rate in Q2 over Q1. IP had risen by 3.8% (saar) in Q1 with auto output up by 10.7 (saar) in the quarter.

For June itself the intermediate goods sector is the most surprising with output falling by 1.4% adding to the weakness in often volatile autos where output is off by an even sharper 2.3%. For autos it is the second monthly drop in a row. For intermediate goods the drop comes after a gain of 0.7% in May.

French IP Excluding construction
Saar except m/m Jun-07 May-07 Apr-07 3-mo 6-mo 12-mo
IP total -0.5% 0.5% -1.0% -3.8% -0.2% -0.8%
  Consumer goods 0.2% 1.0% -1.1% 0.0% 2.7% 1.0%
  Capital goods 0.9% 0.1% -0.7% 1.1% 3.3% 0.7%
  Intermediate goods -1.4% 0.7% -0.5% -4.8% -2.4% -1.3%
Auto -2.3% -2.7% 0.7% -16.2% -4.4% -6.9%
large image