Jinshi data, October 4th, Pansen Macro believes that the situation of French industry is better than previously imagined. The data released on Friday showed that unexpected significant rise in factory production in France in August, with a rise of 1.6% that month. Unless a big dump that is unlikely to occur in September, this means that the entire third quarter will see expansion in the industry, contributing to the rise of the overall economy in France. This is in stark contrast to the weak signs from business surveys, which currently paint an unrealistic and bleak picture.
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Pan Sen Macro: The situation of the French industry is better than imagined
Jinshi data, October 4th, Pansen Macro believes that the situation of French industry is better than previously imagined. The data released on Friday showed that unexpected significant rise in factory production in France in August, with a rise of 1.6% that month. Unless a big dump that is unlikely to occur in September, this means that the entire third quarter will see expansion in the industry, contributing to the rise of the overall economy in France. This is in stark contrast to the weak signs from business surveys, which currently paint an unrealistic and bleak picture.