France: Business confidence inches down in September
In September, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector decreased to 102 from August’s revised 103 result (previously reported: 102). Nevertheless, the indicator remained above the 100-threshold.
September’s slight deterioration reflected easing optimism in personal production expectations, as well as in the perception of past activity. Despite this, sentiment in French manufacturing remained somewhat resilient to the wave of pessimism sweeping the sector in neighboring Germany.