France: Economic sentiment declines in February
Latest reading: Economic sentiment dropped to 97.8 in February, following January’s 100.6. The latest reading was below the long-term average of 100, pointing to a muted near-term outlook for the economy.
In February, sentiment darkened in the industrial sector (-5.4 vs -1.2 in January), the construction sector (-16.4 vs -16.3 in January) and the services sector (-4.2 vs -1.7 in January). On the flipside, sentiment brightened in the retail sector (-10.1 vs -11.9 in January) and among consumers (-14.1 vs -15.6 in January).