Recent Updates

  • Japan: ** Japan IP forecasts have rebased from 2010=100 to 2015=100. We are currently working on processing the new data.**
  • ** New Zealand Jobs Online has changed its reported frequency from monthly to quarterly and rebased from August 2010=100 to Q4 2010=100. **
  • Finland: Business Confidence (Apr)
  • Australia: PPI, Manufacturing Price, Construction Materials Prices (Mar); New Zealand: Trade by Country by Commodity, International Trade (Mar), ANZ-Roy Morgan Consumer
  • 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%
Memo            
Auto -2.3% -2.7% 0.7% -16.2% -4.4% -6.9%
close
large image