France: Economic sentiment falls to 10-month low in February
Economic sentiment came in at 97.6 in February, down from January’s 97.9. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction, services and retail sectors. Moreover, consumer confidence waned in February. On the flip side, sentiment in the industrial sector strengthened.
Referring to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in February.