France: Economic sentiment records worst reading since October 2023 in July
Economic sentiment fell to 94.8 in July from June’s 97.0. July’s result marked the worst reading since October 2023. Consequently, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected worse sentiment in the construction, services and retail sectors, and worse consumer confidence.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index rose in July.