This is worse than expected but not surprising given the development of other European countries' indicators. I believe the rebound is slowing down, and we are back at levels seen three months ago.
More Quotes from Olivier Gasnier:
Business confidence has not advanced in France for three months and the gap in relation to Germany is growing.Olivier Gasnier
The drop in industrial capital goods is a disappointment - I hope it's just an accident.
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The deterioration of the trade gap is amazing. Half of it is due to the higher energy bill but it's also the industry that's bad at exporting and strong spending that's benefiting mainly imports.
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