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FR Business Climate Eased in April

FRANCE DATA
MNI (London)

APR BUS CLIM INDICATOR 95; MAR 97

APR MFG SENTIMENT 104; MAR 99

APR SERVICES SENTIMENT 91; MAR 94

  • French business climate edged down to 95 in Apr, falling 2pt from 97 recorded in Mar and coming in stronger than markets expected (BBG: 94).
  • Insee noted that the tightening of restrictions at the end of Mar weighed on the forward-looking components of the services and retail trade sentiment indices.
  • While services confidence dropped 3pt to 91 in Apr, retail trade sentiment declined 5pt to 90, both recording a two-month low.
  • Business climate in the manufacturing sector rose 5pt to 104 in Apr, surpassing expectations looking for a 1pt uptick and shifting the index back above the long-term average.
  • The report showed the assessment of order books, personal perspectives of production and past production improved in Apr.
  • Employment climate was stable in Apr, remaining at Mar's level of 92.



Source: Insee

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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