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German, French industrial production down slightly in November
[FRANKFURT] Industrial production in Europe's two biggest economies fell slightly in November, weighed down by falling activity in the German manufacturing sector and French extractive, energy and water industries, data showed Friday.
The German economy ministry calculated that factory output contracted by 0.3 per cent in November compared with a month earlier, corrected for seasonal factors.
In October, output had increased by 0.5 per cent.
Manufacturing output was down by 0.8 per cent month-on-month, while construction output increased by 1.6 per cent and energy output was up 2.5 per cent, the ministry said.
Meanwhile, French industrial production slipped 0.9 per cent in November compared to a month earlier, the Insee statistics agency said.
While activity in the energy, water and extractive industries fell, manufacturing production grew slightly in the European Union's second leading economy.