France’s Industrial Momentum Is Fading

French industrial production is losing momentum as manufacturing output declines across several sectors. With the services sector also constrained, overall French economic growth remains modest.

Key Takeaways

• 1.French manufacturing output fell sharply in May, signaling a loss of momentum in the economy's primary growth engine.
• 2.The automotive sector is experiencing continued weakness, falling 4.7% month-on-month in May.

Table of Contents

• Manufacturing output declines
• French growth lacks a clear engine

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