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

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MNI: FRANCE DATA: Business Climate Indicator (May 2019)
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- Bus Climate Indicator (BCI): 106; Prev (Apr): 106 (rev. from 105)
- Manufacturing Sentiment: 104; Prev (Apr): 101
- Services Sentiment: 106; Prev (Apr): 107 (rev. from 105)
- The BCI held steady in May at Apr's upwardly rev 106 - strongest since Jul
- A rise in manufacturing confidence (+3pts) was offset by slightly softer
services (-1pt) & retail (-2pt) sentiment
- Confidence in the construction sector held steady at Apr's 111 - close to
Mar's near-11 year high...
- ... while it was also unchanged in wholesale trade (106)
- The BCI has trended higher since the start of the year, after having been on a
downward trend throughout 2018
- With Apr & May's readings 3pts above the Q1 average, the indicator points to
GDP growth remaining resilient in Q2...
- ... following the economy's 0.3% q/q expansion in Q1

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