French industry is on track for a solid second quarter, helped by stronger capital goods production despite a small retreat in May, Pantheon Macroeconomics' Claus Vistesen says in a note. Industrial production edged down 0.1% on month in May, having risen 0.3% in April. Production in May was lifted by a surge in energy output, though output of machinery and transport dipped. But over the quarter as a whole, production of transport equipment--mainly aircraft--remains on track for a solid increase, as does output of machinery and equipment more broadly, Vistesen says. (edward.frankl@wsj.com)