PARIS
French industrial production was weaker than expected at the end of last year with steep falls in oil refining and automotive output, Insee said
French industrial production fell 0.3% in December from November, while economists polled by Dow Jones Newswires had forecast only a 0.1% decline
Within the overall industrial production figure, manufacturing output was also weak, recording zero growth in the final month of 2013 after a 0.2% expansion in November from October.
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Italy's industrial output drops sharply in Dec.
By Christopher Emsden
ROME--Italian industrial production unexpectedly fell sharply in December, damping hopes the euro-zone's third-largest economy will rebound strongly from its longest postwar recession.
Italy's industrial output fell 0.9% from November in seasonally adjusted terms, reversing three months of gains, national statistics institute Istat said Monday.
Output had been expected to have held stable, according to a poll of nine economists.
The surprise fall represented a 0.7% drop from December 2012 in workday-adjusted terms, Istat said. Economists had expected a 0.4% gain.
In raw, unadjusted terms, Italian industrial production rose 2.4% from a year earlier but declined 3.0% in all of 2013 from 2012, according to Istat.
The December drop means Italy's industrial production rose 0.7% in seasonally adjusted terms in the fourth quarter from the previous three months, Istat said.
That suggests Italy's gross domestic product probably did expand in the fourth quarter, as the government has repeatedly said it will, but less than expected.
Output fell in all sectors except intermediate goods, which gained 0.1% from November. Capital goods output fell 2.5%, consumer goods fell 0.4% and energy production declined 0.2%, according to Istat's data.
The seasonally adjusted index for capital goods output in December was 91.4, its lowest level in five years, Istat said.
Output losses from the end of 2012 have been strongest in the production of machine tools and among makers of clothing and leather goods, two sectors in which Italy is traditionally strong. By contrast, the pharmaceutical sector, much of which is in foreign hands, posted the best performance, according to Istat.
IPC Aleman (Mensualmente) -0,6% -0,6% -0,6%
CHF Índice de precios de producción (Mensualmente) 0,0% -0,1% 0,0%
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