France: Economic sentiment rises to 10-month high in January
Latest reading: Economic sentiment rose to 96.2 in January from December’s 92.9. Sentiment could have been boosted by the appointment of a new prime minister, whose deficit reduction plan was approved by Brussels. However, the index remained below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial, services and retail sectors, plus increased consumer confidence.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index fell in January.