Turnover of French manufacturing industry up 1.1 percent in Q2 over Q1
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In June this year, the turnover in France's manufacturing industry weakened by 0.5 percent month on month, following a slight increase in May (0.5 percent), according to France's National Institute of Statistics and Economic Studies (INSEE). However, exports rose by 1.1 percent in June, as compared to May.
Compared to the first quarter of this year, the turnover of French manufacturing industry in the second quarter of 2010 surged by 1.1 percent, while in year-on-year basis the growth rate was registered at 5.3 percent. However, it lagged below the pre-crisis levels.
In the second quarter of 2010, the turnover of French metal and metal product manufacturing rose by 3.8 percent, while turnover in automobile production declined by 5.4 percent, the machinery and equipment manufacturing saw an increase of 0.6 percent and turnover in the country's construction industry fell by 0.7 percent, all compared to the first quarter of this year.