France October business confidence 97 vs 98 prior

• 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.

This article was written by Justin Low at www.forexlive.com.