The overall business climate in France has again deteriorated in November, as expected, shows the monthly business survey released Wednesday by INSEE.
The composite indicator of business climate in manufacturing industry fell by two points to 95 and remains below the 100 that corresponds to the long-term average of this indicator.
All 23 economists polled by Reuters on average expected a figure of 95, with estimates ranging from 93 to 97.
The indicator of business climate as a whole, including services, construction, wholesale and retail trade, a parallel decline of two points to 93.
"The turning point indicator remains in the negative zone in which he had switched to in September.Sectoral indicators are all turning into a negative zone, "said INSEE in a statement.
The service indicator down two points to 92.
Published on 23 Nov 2011 in corporations, management, marketing, networks, work, by admin
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- Further improvement in consumer sentiment in November
- The Bank of France expects 0.5% growth in Q4
- The Bank of France lowered its growth forecast
- German consumer confidence declined as expected
- French growth will struggle to keep pace
This entry was posted on Wednesday, November 23rd, 2011 at 6:25 pm and is filed under corporations, management, marketing, networks, work. Follow the comments through the RSS 2.0 feed. Both comments and trackback are closed.