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French Industrial Production Beats Expectations

(Insee)

(Bloomberg) -- French industrial production rose more than expected in August, in a boost to the new government of Prime Minister Michel Barnier as it prepares next year’s budget. The increase was 1.4% compared with the previous month, according to data from statistics agency Insee, well above the 0.3% median forecast of economists surveyed by Bloomberg. The performance was driven by the fabrication of industrial products, especially in the pharmaceutical sector.

--With assistance from Joel Rinneby and Barbara Sladkowska.

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