Slight improvement in French manufacturing sector confidence

Friday, 21 December 2012 11:20:32 (GMT+3)   |   Istanbul
       

France's National Institute of Statistics and Economic Studies (INSEE) has announced that the industrial economic situation in France remains weak in spite of a slight improvement in the industrial business climate indicator. In December this year, confidence levels in the domestic manufacturing sector increased by one point compared to November but remained significantly below the long-term average, following a survey carried out among French business leaders.

Looking at the outlook for their own individual production, French business leaders remain pessimistic about their future activity in the French manufacturing industry. The general production outlook, which represents business leaders' opinion on French industry as a whole, has increased but remains considerably below the long-term average. Total order books have increased and export order books are rated as nearly stable but are still considered as very low.

On the other hand, in the French building industry, the business climate indicator in December remains stable and below its long-term average, while the turning point indicator is in the neutral zone.


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