France October business confidence 97 vs 98 prior

  • Latest data released by INSEE - 24 October 2024
FRBC
  • Prior 98
  • Manufacturing confidence 92
  • Prior 99
  • Services confidence 101
  • Prior 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.

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