The confidence among French manufacturers strengthened further in January to the highest level in three-and-a-half years, monthly data from the statistical office INSEE revealed Friday.
The manufacturing sentiment index rose to 105 in January from 102 in December. Meanwhile, economists had expected the index to fall to 101.
Further, the index remained above its long-term average of 100 and marked the highest reading since July 2022, when it was 106.1.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.