FRANCE: Industrial production was down 0.3% on the month in October against an expected rise of 0.2% and following a decline of 0.5% on the month in September.
The numbers aren’t quite as bad as they seem at first. A 3.4% drop in energy production amid an unusually warm autumn knocked French industrial output in October. Other components were mostly up. But overall, the French economy continues to flirt with recession, with few indications that it’s developing upward momentum. (AM)
What is the answer about this real time experiment?
http://macromarketmusings.blogspot.fr/2013/06/what-great-natural-experiment-reveals.html
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