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France: Economic sentiment deteriorates in June
Latest reading: Economic sentiment fell to 89.6 in June from May’s 93.0. June’s result marked the weakest sentiment since November 2020. Consequently, the index moved further below the long-term average of 100, pointing to a muted near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial, services and retail sectors. In contrast, there was stable sentiment in the construction sector, and consumer confidence rose in June.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in June.
