France: Business sentiment slips in March
March 24, 2016
According to the INSSE business climate survey, the business confidence indicator dropped in March from February’s 103 points to 101 points, which marked the lowest result in nine months. Thus, the indicator moved closer to the long-term 100-point average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.
According to the INSEE, the result came on the back of businesses’ more pessimistic assessment regarding four of the five components of the index, including global order books and past activity.