France: Economic sentiment rises in November
Economic sentiment rose to 96.1 in November from October’s 94.1. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline increase was driven by healthier sentiment in the industrial and services sectors. That said, sentiment in the retail and construction sectors cooled in the surveyed month. Finally, consumer confidence was up in November.
Referring to indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in November.