French manufacturing turnover up 6.2% in Q4 2011
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In December 2011, the turnover in France's manufacturing industry fell by 2.2 percent month on month, following a month-on-month increase of 1.8 percent in November, according to France's National Institute of Statistics and Economic Studies (INSEE). Meanwhile, exports of France's manufacturing sector were almost stable in December rising by just 0.1 percent as compared to November, after a 0.5 percent month-on-month decrease recorded in November.
On the other hand, in the last quarter of 2011 the turnover in the French manufacturing industry increased 0.8 percent compared to the third quarter and up 6.2 percent compared to the last quarter of 2010. On quarter-on-quarter basis, turnover rose noticeably in the manufacture of transport equipment, up 5.5 percent.
In December 2011, the turnover of French metal and metal product manufacturing fell slightly by 0.2 percent as compared to November. Meanwhile, a 6.2 percent month-on-month decrease was recorded in the turnover in manufacture of automobiles, and the turnover of manufacture of other transport equipment fell 15.4 percent month-on-month. In December, machinery and equipment manufacturing saw a slight increase of 0.7 percent in turnover, while turnover in the country's construction industry rose by one percent, both compared to the previous month.