The French National Institute of Statistics and Economic Studies (INSEE) released its monthly report on the country’s industrial production figures this morning. The data was expected to show modest growth of around half a percent.
The surprise release of 2.0% growth from the French economy was met with furrowed brows, however, as analysts are attempting to find a way to place such optimistic news with the region’s dominating sentiment of risk aversion. The EUR has not seen much bullishness as a result of this data, but the figure does give some investors a reason to hold out hope for further growth.
