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French manufacturing turnover up 2.2% in Q1

Friday, 01 June 2012 15:35:39 (GMT+2)   -  

Tags: France , Europe , economics , automotive , construction , manufacturing , steelmaking , European Union , Mediterranean | similar articles » SteelOrbis News

In March this year, the turnover in France's manufacturing industry fell by 1.6 percent month on month, following a month-on-month increase of 0.9 percent in February, according to France's National Institute of Statistics and Economic Studies (INSEE). Meanwhile, exports of France's manufacturing sector fell by 2.8 percent in March as compared to February, after a 0.2 percent month-on-month increase recorded in February.
 
In the first quarter of 2012, the turnover in the manufacturing industry increased by 0.5 percent compared to the previous quarter and grew by 2.2 percent on year-on-year basis.
 
In March 2012, the turnover of French metal and metal product manufacturing fell by 1.7 percent as compared to the previous month. Meanwhile, a noticeable 10.1 percent month-on-month decrease was recorded in the turnover in manufacture of motor vehicles, trailers and semi-trailers. In March, the turnover in the country's automobile industry fell by five percent, while the construction industry saw a decrease of 1.2 percent in turnover, both compared to the previous month.
 
In the first quarter compared to the previous quarter, the turnover of French metal and metal product manufacturing fell by 0.7 percent, while an 8.9 percent of increase was recorded in the turnover in manufacture of motor vehicles, trailers and semi-trailers. In the first quarter, the turnover in the country's automobile industry fell by 5.9 percent, while the construction industry remained almost stable compared to the last quarter of 2011, with a slight decrease of 0.1 percent.
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