France: Business confidence stable in December
In December, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector edged up to 101.8 from 101.5 in November. As a result the indicator stayed above the 100-threshold, its long-term average.
Decreasing new orders and souring exmployment expectations were slighly offset by improved personal production expectations in December. In addition, manufacturers’ perception of past activity got rosier, while assessments of past workforce size deteriorated.