France: Economic sentiment deteriorates in May
Latest reading: Economic sentiment came in at 93.1 in May, down from April’s 96.6. May’s result marked the weakest sentiment since December 2024. As a result, 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 industrial and services sectors plus weaker consumer confidence. Meanwhile, sentiment in the retail and construction sectors was up in the surveyed month.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in May.