Media: industrial production in France decreased amid declining power generation

Industrial production in France unexpectedly fell in August due to reduced electricity generation, writes sb.by.

According to Bloomberg, the decline of 0.3% reflects a decrease in production at power plants compared to July.

According to the median forecast of the Bloomberg poll, economists predicted a slight increase. However, the fall outweighed a monthly gain of 0.3 percent for factories.

The figures highlight that the eurozone's second-largest economy is struggling to gain momentum. France narrowly avoided a recession in the first half of the year and is now facing difficulties due to uncertainty over whether a minority government can rein in the growing deficit.

Economic and fiscal problems have added to the sell-off in bond markets, pushing France’s borrowing costs higher than their peers to levels not seen since the eurozone debt crisis, the agency said.