Morale still low industrial
For the third consecutive month, the French industrial morale remains very low in December. The synthetic indicator of business climate has stabilized at 89 points, down one point compared to November, INSEE said on Friday. The long period average is 100 points.
Chilling, INSEE noted that "the reversal indicator" sense "to detect the earliest possible time the industrial economy turns around," came "in the area indicating an economic downturn."
Business leaders note much of the sector increased their activity increased and stocks far below their level a long period, but observed a deterioration in their global order books and abroad. Their production forecasts are less good.
"The personal perspectives of production are less well oriented in November.The industrial and anticipate a slight slowdown in the coming months, "notes the INSEE.
The index had rebounded after the spring after a low of 69 points in March.
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