Latest data released by INSEE - 8 March 2019
- Prior +0.8%
- Industrial production +1.7% vs +0.5% y/y expected
- Prior -1.4%; revised to -2.5%
- Manufacturing production +1.0% vs -0.2% m/m expected
- Prior +1.0%; revised to +0.4%
- Manufacturing production +0.9% vs -0.2% y/y expected
- Prior -1.0%; revised to -2.0%
A solid report overall and will help to reaffirm a rebound seen in factory activity following the yellow vest protests in December. Negative revisions will take some of the gloss off the report here but it still is a positive data point. Nonetheless, it is rather lagging as it shows January data and market sentiment is more concerned about future data now following the ECB monetary policy meeting yesterday.
