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French Industrial Output Declines Less Than Forecast: Economy

French industrial production fell less than economists forecast in May and Italian output rose in what European Central Bank Governing Council member Christian Noyer called “encouraging signs” of recovery.

French production declined 0.4 percent after a 2.2 percent surge in April, national statistics office Insee said in Paris today. Economists forecast a 0.8 percent decrease, according to the median of 21 estimates in a Bloomberg News survey. Italian output rose for the first time since January.