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France Business Confidence Falls In February

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

French business confidence fell marginally in February, matching the score expected by economists, survey data from the statistical office Insee showed Tuesday.

The business confidence index for manufacturers decreased to 99 in February from a revised score of 100 in January. This was in line with the consensus estimate.

The latest score was close to its long-term average of 100.

The balance of opinion on personal production expectations decreased to 12 from 13, but remained above its long-term average.

Meanwhile, the balance on general production prospects, which represents business managers' opinion on French industry as a whole, has continuously gone up since October, the Insee said. The index rose to -8 from -10 in the previous month.

A separate report showed that the business confidence index in the service sector decreased slightly to 91 in February from 92 in the previous month.

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