France's business confidence index fell to 97 in Oct., driven by manufacturing, with GDP growth expectations revised downward for next years.

In October, France's business confidence index fell to 97, driven by a significant decline in manufacturing confidence, which dropped to 92—the steepest decline since late 2008. While services confidence rose slightly to 101, overall employment conditions worsened. Inflationary pressures are rising, and weak demand persists, particularly in foreign orders. Analysts predict sluggish economic activity for France through 2025, with GDP growth expectations revised downward.

October 24, 2024
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