French Industrial Output Rises Suggesting Recovery
Industrial production in France rose for a second month in June, suggesting growth is accelerating in Europe's third-largest economy. Output by French factories, utilities and mines increased 0.3 percent from May, Paris-based national statistics office Insee said today. Economists expected a 0.4 percent gain, according to the median of 27 estimates in a Bloomberg survey. From a year ago, production fell 0.4 percent. The euro's 9 percent decline against the dollar this year and rising foreign demand are boosting earnings at manufacturers such as Schneider Electric SA, the world's biggest maker of circuit breakers.
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