France: Business confidence stabilizes through February
In February, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was stable from a month earlier at 103 points. As a result, the indicator remained above its 100-point long-run average.
February’s print reflected firms’ improved views on the sector’s output prospects over the short-term , although they were less upbeat on their own output prospects. Meanwhile, firms were less downbeat on current export orders.