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

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MNI: FRANCE DATA: Business Climate Indicator (Jun 2019) Preview - 07:45 BST
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- Bus Climate Indicator (BCI): Bbg Cons: 106; MNI Median: 106; Prev (May): 106
- Manufacturing Sentiment: Bbg Cons: 104; MNI Median: 104; Prev (May): 104
- The BCI is expected to hold steady for a second month running in Jun, at its
highest level since Jul 2018
- In May, a rise in manufacturing confidence (+3pts) to a six-month high was
offset by slightly softer services (-1pt) & retail (-2pt) sentiment
- The flash Jun French PMI data showed manufacturing & services activity
accelerating at their fastest rates in nine & seven months respectively
- Insee's business survey is generally considered to be a more reliable guide to
GDP growth in France...
- ... but is nevertheless expected to reinforce the picture painted by the
PMIs...
- ... which suggests that economic growth held steady at 0.3% q/q in Q2

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