8.5 C
London
Monday, December 2, 2024
HomeNewsFrench Industrial Sentiment Rises More Than Expected in August

French Industrial Sentiment Rises More Than Expected in August

Date:

Related stories

Gazprom Maintains Stable Gas Deliveries to Europe, Sending 42.3 Million m³ on Monday

Brussels, October 14 (FinanceFlashNews.com) – Gazprom, Russia’s gas producer,...

Markets Anticipate Faster ECB Rate Cuts as Eurozone Inflation Falls

Frankfurt, October 14 (FinanceFlashNews.com) – Financial markets are predicting...

Tax Hike in France Will Hurt Investments, Warns Stellantis CEO

Paris, October 14 (FinanceFlashNews.com) – The French government's plan...

Finland’s Inflation Drops to Lowest Level in Nearly Four Years

Helsinki, October 14 (FinanceFlashNews.com) – Year-on-year inflation in Finland...

Moody’s Downgrades Belgium’s Credit Outlook to Negative

Brussels, October 13 (FinanceFlashNews.com) – Moody's Ratings downgraded Belgium’s...
  • Industrial confidence in France improved more than anticipated in August, with the index rising to 99 points from July’s 43-month low of 95 points.
  • Economists had forecasted a smaller increase to 96 points, but stronger production expectations and higher foreign orders drove the recovery.
  • The broader business confidence index, including services, construction, and retail, also increased to 96 points from 94 points in July.

Paris, August 23 (FFN)Sentiment in the French industrial sector improved more than expected in August, according to a report from RTTNews. The manufacturing confidence index rose to 99 points, up from July’s 43-month low of 95 points, as reported by the French statistical office INSEE.

Despite the improvement, the index remains below the long-term average of 100 points. Economists had expected a smaller increase to 96 points. The main drivers of the August recovery were the revival of production expectations and a rise in foreign orders, according to the statisticians.

The index of individual production expectations jumped to 8 points from -5 points in July. However, the index assessing the past production situation dropped to -14 points from -6 points. The order index improved to -16 points from -20 points.

The broader business confidence index, which includes sectors beyond manufacturing, such as services, construction, retail, and wholesale, also rose to 96 points in August, up from 94 points in the previous month.


IndexJuly 2024August 2024Expectations
Manufacturing Confidence Index95 points99 points96 points
Individual Production Expectations-5 points8 points(Not Provided)
Past Production Situation-6 points-14 points(Not Provided)
Order Index-20 points-16 points(Not Provided)
Broader Business Confidence Index94 points96 points(Not Provided)
You said:
Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories