FRANCE: Going Up

French politics may be subject to ups and downs, but French production is going in one direction—up. In May the official index for industrial production climbed to an alltime high of 158 (on a scale in which 1938 production is 100). Automobile output in April rose 33%, textiles 11%, chemicals 20%, electricity 15% over the same month in 1953. Altogether France's total industrial output is nearly 8.2% higher than a year ago. The difficulty is that higher production has yet to reflect itself in substantially lower prices or higher wages for the average Frenchman.

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