Latest data released by INSEE - 23 April 2020

  • Prior 95; revised to 94
  • Manufacturing confidence 82 vs 83 expected
  • Prior 98
  • Services confidence 55
  • Prior 92

The drop in the headline reading to 62 marks the lowest level in French business confidence since records began in 1980. The drop is largely due to a massive fall in services confidence with the stats agency noting that economic activity is reduced by 35% of normal levels.