France: Economic sentiment drops in December
Latest reading: Economic sentiment dropped to 94.3 in December, following November’s 95.2. Still, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In December, sentiment worsened in the retail sector (-13.1 vs -12.3 in November) and among consumers (-16.2 vs -15.8 in November). On the flipside, sentiment turned more upbeat in the construction sector (-15.1 vs -16.5 in November) and the services sector (-1.4 vs -2.5 in November). Sentiment in the industrial sector was stable from November at -8.5.