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FR Business Climate Eased in Feb

FRANCE DATA
MNI (London)

FEB BUS CLIM INDICATOR 90; JAN 91r

FEB MFG SENTIMENT 97; JAN 96r

FEB SERVICES SENTIMENT 88; JAN 92r

  • French business climate ticked down in Feb, falling by 1pt to 90 in contrast to markets looking for an unchanged reading.
  • Feb's downtick was mainly driven by a significant decline in service sector and retail trade business climate which both dropped by 4pt to 88 and 89, respectively, showing the lowest levels since Nov 2020.
  • Business climate in the manufacturing sector gained 1pt in Feb and rose to 97 following a downward revised reading for Jan (2pt down to 96).
  • Employment climate declined as well in Feb, slipping 3pt to a three-month low of 85.
  • All indicators continue to post readings below the long-term average and their pre-pandemic levels.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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