French manufacturers’ confidence declines amid global and domestic uncertainty By Investing.com
Investing.com — French manufacturers are starting the new year with declining confidence, weighed down by global economic uncertainty and political instability at home.
According to statistical agency Insee, the monthly producer confidence index fell to 95 in January, from 97 in December. This brings it further below the long-term average sentiment, which is indicated by a reading of 100.
In the previous year, industry confidence has currently risen above this point, as the inflationary crisis of the past years has eased. However, sustaining this jump has proven challenging.
High interest rates and global political unrest have had a negative impact on confidence. Adding to this, the political situation in France has become uncertain after President Emmanuel Macron lost control of the National Assembly in a snap summer election.
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