France March business confidence 97 vs 91 expected

Latest data released by INSEE – 25 March 2021

  • Prior 90
  • Manufacturing confidence 98
  • Prior 97; revised to 98
  • Services confidence 95
  • Prior 90; revised to 89

French business morale improves on the month as services activity is seen stabilising, as reaffirmed by the PMI readings yesterday here. Tighter virus restrictions are still a factor to consider going into Q2, so that should limit any optimism in the month ahead.
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