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Economy in Brief
FIBER: Industrial Commodity Prices Fall Further
The FIBER Industrial Materials Price Index declined 1.3% during the last four weeks...
Japan’s METI Sector Indexes Rebound But Still Lag
Japan's economy continues to fight for revival...
U.S. Existing Home Sales Continue to Weaken, Dragging Down Prices
The NAR reported that sales of existing homes during September declined 3.4% to 5.150 million...
Canadian Retail Sales Weaken As Inflation Slows
Canada's retail sales show relatively widespread deceleration...
U.S. Leading Economic Indicators Strengthen
The Conference Board's Composite Index of Leading Economic Indicators increased 0.5% (7.0% y/y) during September...
by Robert Brusca December 10, 2007
Industrial production in France was up strongly in October
showing a rise of 2.1%. In the past three months overall output is up
but without any real strong sector leadership. Auto sales are up
strongly in October. In the quarter to date output is up strongly over
its Q3 level expanding at an 8.1% annual rate. France follows the same
trend as Germany as its consumer goods output is lagging, falling by
2.1% so far in Q3. Capital goods output is up at a 6.9% annual rate in
Q4. Europe continues to show weak consumer demand/output and displays
an ongoing strong capital goods sector.
| French IP excluding Construction | ||||||
|---|---|---|---|---|---|---|
| Saar exept m/m | Oct-07 | Sep-07 | Aug-07 | 3-mo | 6-mo | 12-mo |
| IP total | 2.1% | -1.2% | 0.1% | 3.9% | 5.7% | 4.0% |
| Consumer goods | 0.4% | -1.5% | 0.9% | -1.1% | 3.3% | 1.6% |
| Capital goods | 1.0% | -1.0% | -0.1% | -0.3% | 7.0% | 4.0% |
| Intermediate goods | 1.9% | -0.9% | -0.6% | 1.6% | 3.5% | 3.9% |
| Memo | ||||||
| Auto | 6.9% | -4.0% | 1.3% | 16.5% | 6.9% | 5.7% |
