French Manufacturing Confidence Drops More Than Expected
March 23 2017 - 4:24AM
Dow Jones News
By William Horobin
PARIS--Confidence in French manufacturing fell more than
expected in March as business leaders became less optimistic about
their own outlook and sector-wide production.
Confidence in manufacturing measured by national statistics
office Insee fell to 104 in March from 107 in February. The long
term average for the reading is 100.
Analysts polled by The Wall Street Journal had expected business
confidence in manufacturing to fall one point to 106 in March.
A wider measure of business confidence--including services,
construction, retail and wholesale--fell to 104 from 105.
-Write to William Horobin at william.horobin@wsj.com
(END) Dow Jones Newswires
March 23, 2017 04:09 ET (08:09 GMT)
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