logo
  

French Manufacturing Confidence Improves Unexpectedly

Morale of French manufacturers improved unexpectedly in June as they were confident about past, and future production trends, survey data from the statistical office INSEE showed on Thursday.

The business climate index for the manufacturing sector rose to 108 in June from 106 in May. Meanwhile, the score was forecast to fall to 10.5.

The past production index improved to 15 in June from 12 in May, and the index measuring manufacturers' general production outlook for the near term recovered from -9 to -5.

The index for global order books rose slightly to -1 from -2, while that on foreign order books remained stable at -3.

Manufacturers' view regarding personal production expectations over the next three months strengthened in June, driven by other transport equipment, which reached a historically high level. The corresponding index rose to 9 from 6 in May.

The indicator showing the assessment of inventories remained positive by rising to 9 from 8.

Manufacturers' opinion on the expected trend in selling prices eased somewhat in June after reaching an unprecedented level in May. The respective index fell from 55 to 52, but still remained very high.

The overall business confidence index that comprises the responses of business leaders from sectors, namely, manufacturing, construction, services, retail trade and wholesale trade, weakened to 104 in June from 106 in May.

Morale worsened in services and retail trade, but improved in the manufacturing, building and construction segments.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to Loud Muscle Science, LLC is recalling certain Launch Sequence products in the United States and Canada citing the presence of undeclared Tadalafil, the U.S. Food and Drug Administration said. These tainted Launch Sequence Capsule products are marketed as dietary supplements for male sexual enhancement. The U.S. Food and Drug Administration announced the intended availability of around 17 million bottles equivalent of general infant formula to be imported from New Zealand and Ireland. Under the FDA's enforcement discretion to source more infant formula to the U.S., French food company Danone SA will send 555,000 cans Aptamil Gold Plus from New Zealand.
Follow RTT