French Manufacturing Sector Confidence Levels Off in June
By Xavier Fontdegloria
Sentiment in the French manufacturing sector stabilized in June
after rising for six consecutive months amid the easing of
Manufacturing sentiment stood at 107 in June, unchanged from
May, the French national statistics office said Thursday. The
reading is below economists' forecast of 110 in a poll conducted by
The Wall Street Journal.
Respondents were more optimistic about orders books and the
general outlook for production, while views' on past production
deteriorated, Insee said. The expected evolution of selling prices
reached a record high.
France's economy contracted 0.1% in the first three months of
the year, but economic growth is set to have accelerated sharply in
the second quarter as Covid-19 restrictions were unwound. The
French government expects the country's gross domestic product to
grow by 5% this year.
Write to Xavier Fontdegloria at email@example.com
(END) Dow Jones Newswires
June 24, 2021 03:02 ET (07:02 GMT)
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