France: Economic sentiment improves in July
Latest reading: Economic sentiment rose to 92.3 in July from June’s 89.9. 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 healthier sentiment in the industrial, services and retail sectors, plus stronger sentiment among consumers. In contrast, sentiment in the construction sector deteriorated.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in July.