French biz climate wanes a bit in Apr; employment scene a tad better
Its composite index, calculated from responses of business managers from major market sectors, lost one point. At 99, it is back just below its long-term average (100).
This deterioration is a result of the unfavorable business situation in all business sectors, except retail trade, an INSEE statement said.
According to the National Institute of Statistics and Economic Research, the business environment in France worsened slightly in April this year compared to March. This downturn is the result of less favorable business conditions in all countries. all business sectors, except the retail sector. The business environment in the manufacturing sector has declined sharply.
According to business managers surveyed in April, the business environment in the manufacturing industry has declined sharply. The composite indicator has returned to its long-term average (100). This withdrawal is mainly due to the balance of views regarding the level of the order book.
The balance of opinion on current finished goods inventory levels has recovered strongly and is back above average.
In the retail trade sector, the business environment improved in April thanks to an increase in the balance of opinion regarding the general business outlook, past sales and forecast changes. opinion about the size of the workforce.
In April, the employment environment index improved slightly. At 102, it gained one point and thus remained slightly above the long-term average (100).
Fiber2 Fashion News Desk (DS)