Latest data released by INSEE - 23 July 2020
- Prior 78
- Manufacturing confidence 82 vs 84 expected
- Prior 77; revised to 78
- Services confidence 89
- Prior 78
The good news is that confidence levels in the French economy are continuing to show signs of improvement, but the bigger question will be how much more optimistic can things get in the coming months considering the global circumstances.
International travel is not likely to resume any time soon - likely Q4 at the earliest - and once government stimulus measures are slowly weaned off, the economy might be set for more of a pinch down the road (that applies everywhere else too).
