French Industrial Output Grows Less Than Expected in July

PARIS – French industrial production rose less than expected in July as agricultural and oil refining output contracted from June, statistics showed Friday.

Industrial output in the eurozone's second-largest economy rose 0.5% in July from June, statistics agency Insee said. Economists polled by the Wall Street Journal had forecast a 0.7% rise.

Still, for the whole of the second quarter French industrial production recorded firmer growth, up 1.5% on quarter and 3.1% on year, Insee said. Production of automotive and capital goods rose strongly in the second quarter and refining output jumped sharply, up 19.4% on year.

-Write to William Horobin at william.horobin@wsj.com

(END) Dow Jones Newswires

September 08, 2017 03:15 ET (07:15 GMT)