Prior 98Manufacturing confidence 92Prior 99Services confidence 101Prior 98
The French business climate declined in October as a steep fall in manufacturing confidence outweighed a slight increase in morale in the services industry on the month. Of note, employment conditions also reflected a fall with the index there dropping to 97 – down from 99 previously. That suggests added softness to the overall economy and isn’t good news for the ECB.
This article was written by Justin Low at www.forexlive.com.
