France: Economic sentiment improves in May
Economic sentiment rose to 97.3 in May from April’s 95.8. 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 industrial and construction sectors. In contrast, confidence in the services sector and consumer confidence were healthier in May.
Referring to indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in May.