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MNI: FRANCE DATA: Business Climate Indicator (Apr....>

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MNI: FRANCE DATA: Business Climate Indicator (Apr 2019) Preview - 07:45 BST
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- Bus Climate Indicator (BCI): Bbg Cons: 104; MNI Median: 105; Prev (Mar): 104
- Manufacturing Sentiment: Bbg Cons: 102; MNI Median: 102; Prev (Mar): 102
- After trending down through 2018 to hit a more than 2-yr low of 102 in Dec...
- ... the BCI recovered some ground in Q1, supported by firmer sentiment in
retail, construction and wholesale
- In contrast, manufacturing confidence has continued to head south...
- ... registering its weakest reading since Nov 2016 in Mar
- Services sentiment averaged slightly higher in Q1 than in Q4...
- ...but remains seven points below its recent Dec 2017 peak of 110
- Flash PMI data suggests manufact sentiment likely to remain subdued in Apr...
- ...while services confidence could tick higher
- The dwindling economic impact of the 'Gilets Jaunes' protests could see the
BCI register an upside surprise...
- ... but any rise likely to be limited amid still-elevated business uncertainty

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