France’s industrial output rose by 2.1% in August

France's industrial production rebounded more than expected in August, figures from the statistical office Insee showed Friday. Industrial output grew 2.1% in August from July, when it fell by revised 0.5%. This was the fastest growth since December 2014, when it advanced 3.7%.

Forecast's economists were a moderate 0.6% growth after July's initially estimated decrease of 0.6%. Following three months of declines, which is partially linked  to strikes and blockades in May and June, it's a good news for French economy. Likewise, manufacturing output gained 2.2% in August, the biggest since late 2014 and reversed a revised 0.2% drop in July.

Output was expected to gain 0.3%. Production for July was revised from 0.3 %. Construction output declined 2.6% after expanding 3.4% a month ago.

During three months to August, industrial production dropped 0.5% and manufacturing fell 0.2% from the previous three months.