Market news

22 July 2021

French manufacturing sentiment strongest since 2018

RTTNews reports that survey results from the statistical office Insee showed that French manufacturing confidence strengthened to the highest level in more than three years in July largely driven by the assessment of foreign orders and personal production expectations.

The manufacturing sentiment index advanced to 110 in July from 108 in June. This was the highest score since April 2018 and above economists' forecast of 107.

The overall order book balance rose to -2 in July from -7 in the previous month. Likewise, the balance of opinion on export order books advanced to -10 from -16.

Manufacturers are also being optimistic about their own production for the next three months. The corresponding balance advanced to 21 from 18 in June. Meanwhile, the general production expectations index fell to 20 in July from 25 in the previous month.

The overall business confidence index that comprises the responses of business leaders from sectors namely, manufacturing, construction, services, retail trade and wholesale trade, dropped marginally to 113 in July from 114 in June.

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

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Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.