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Business Climate Indicator (Sep 2019)...>

FRANCE DATA
MNI (London)
FRANCE DATA: Business Climate Indicator (Sep 2019) Preview - 07:45 BST 24/9/19
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- Bus Climate Indicator (BCI): Bbg Cons: 105; Prev (Aug): 105 
- Manufacturing Sentiment: Bbg Cons: 102; Prev (Aug): 102 
- The BCI and manuf sentiment are forecast to remain at Aug's level. 
- The BCI has moved sideways since Q2, after trending lower throughout 2018,
although it remains comfortably above its long-term average of 100. 
- Aug's decline in retail trade confidence (-4pt to 101) was partly offset by
slightly stronger manufacturing sentiment (up 1pt to 102). 
- Confidence in construction stood at 111 for the fifth consecutive month, while
sentiment was unchanged in the service sector (105). 
- The recent drop in the flash manuf PMI fully reversed Aug's rebound and
indicates that the resilience of the French manuf sector is starting to decline.
- The flash services PMI reported moderate growth in the sector, while the
composite PMI points to the softest expansion in four months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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