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FRANCE DATA
MNI (London)
JUL BUS CLIM INDICATOR 113; JUN 114r
JUL MFG SENTIMENT 110; JUN 108r
JUL SERVICES SENTIMENT 112; JUN 112
- French business climate slipped 1pt to 113 in Jul, following an upward revised Jun reading of 114 and confirming expectations (BBG: 113)
- Despite the downtick, business climate remains at a very high level, well above the long-term average and above the pre-crisis level.
- Jul's small drop was led by a decline recorded in the retail trade sector, while the manufacturing sector posted a monthly gain.
- Business climate in the service sector remained unchanged at Jun's very high level of 112, following Jun's downward revision by 1pt to 112.
- Retail trade business climate eased 1pt to 115 in Jul, which was due to a fall in sales opinion on general business prospects, Insee noted.
- Manufacturing sentiment rose 2pt in Jul, showing the highest level since Apr 2018.
- Employment climate rose 3pt to 108, its the highest level since Mar 2019, mainly on the back of service sector employment in the past months.
Source: Insee
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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