France Industrial Output Falls 0.4% in July, Misses Rebound Forecast

French industrial production contracted 0.4% month-on-month in July, missing consensus for a 0.3% recovery and deepening from a revised 0.1% decline in June. The data signals continued weakness in the eurozone's second-largest economy, raising downside risks to Q3 growth estimates. Market impact is muted but adds to evidence of a soft manufacturing sector.