French Textile And Garment Industry Decreased By 2.2% In October
French statistical and Economic Research Institute (INSEE) released the monthly statistical results on the same day, showing that in October, French industrial production
Chain ratio
A drop of 0.8% was significantly lower than the expected growth rate of +0.3%, which was widely recognized by economists.
Analysts believe that led to October
French industry
The main reason for the "unexpected" fall is the repeated strikes by the major trade union organizations in protest against the reform of the government retirement system. For example, in October, the industrial production fell by 56.5%, and the chemical industry dropped by 3%.
Textile and clothing
Industry dropped by 2.2%.
However, in October, the motor vehicle production rose by 4.2%.
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