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France’s industrial momentum is fading
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https://think.ing.com/articles/frances-industrial-momentum-is-fading/
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4 itemsING Economics
French economic outlook remains downbeat
ING THINK
France’s industrial momentum is fading
The French economy is showing signs of losing industrial momentum as manufacturing output declines, suggesting that growth may not be as robust as previously thought. Per the full note from ing-think, manufacturing output fell by 1.0% in May, marking a concerning shift given that this sector has traditionally been a growth engine. As the automotive industry struggles with a 4.7% month-on-month decline, this deterioration could weigh on investor sentiment towards the euro. Without high-impact calendar events in the immediate future, traders should be cautious about holding long positions in EUR until further clarity on industrial performance emerges.
ING Economics