Business Climate Indicator (Jul 2020)...>

FRANCE DATA: Business Climate Indicator (Jul 2020) 

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- Bus Climate Indicator (BCI): 84.7; Prev (Jun): 78.4 

- Manufacturing Sentiment: 82.3; Prev (Jun): 77.5 

- Services Sentiment: 89.4; Prev (Jun): 78.2 

- Business climate recovery continued, up 6.3pt to 84.7, however falling short

of markets projecting an increase to 86. 

- Despite manufacturing sentiment gaining a further 4.8pts, the index remains

well below pre-crisis levels. 

- Business climate in the service sector showed the largest monthly gain, rising

by 11.2pt to the highest level since March. 

- Employment climate rose 10.1pt to 76.8, while business climate in the retail

trade sector rose to 88.2. 

- Wholesale trade gained 6.6pt to 79.6 in July, its third successive increase. 

- Insee noted that the response rate is recovering since it dropped in Apr. 

- Insee further noted that Jul's uptick was led by an improved business outlook.