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FR Business Climate Higher in Jan

FRANCE DATA
MNI (London)

JAN BUS CLIM INDICATOR 92; DEC 91

JAN MFG SENTIMENT 98; DEC 94

JAN SERVICES SENTIMENT 91; DEC 90

  • French business climate ticked up further in Jan, rising by 1pt to 92 after Dec's strong rebound.
  • Jan's reading marks the highest level since Sep and is in line with market expectations.
  • Despite the recent rebound, the index remains well below the pre-crisis level and the long-term average.
  • Jan's uptick was led by a strong rise in manufacturing sentiment which increased 4pt to a ten-month high of 98.
  • Service sentiment gained 1pt and edged up to 91, its highest level since Sep, while retail trade confidence eased 1pt to 93, marking a two-month high.
  • All indicators continue to post readings below the long-term average and their pre-pandemic levels.
  • Employment climate ticked up 1pt to 87, showing a three-month high in Jan.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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