Latest data released by INSEE - 23 May 2019
- Prior 105; revised to 106
- Manufacturing confidence 104 vs 101 expected
- Prior 101
Business confidence remains more or less unchanged after the April reading was revised slightly upwards (to 105.7) but the bright spot is that industrial confidence rose slightly from 101 in April to 104 in May.
That signals that sentiment towards the French economy is still rather decent but remains more on the cautious side as the euro area continues its struggles since last year. EUR/USD sits near unchanged levels on the day at 1.1146 currently, trapped in a 13 pips range.
