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France Business Confidence August 2023

France: Business confidence deteriorates in August

Business confidence fell to 99.2 in August from July’s 100.0. August’s result marked the worst reading since April 2021. As such, the index fell below the 100-threshold, signaling that businesses were pessimistic.

Looking at the details of the release, the decline was driven by more pessimistic views on manufacturing, retail trade and services. That said, sentiment in the construction sector ticked up.

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