French business, employment climate stable in February

Source: Xinhua | 2020-02-26

French business managers' confidence in the country's economic and employment climate was stable in February, the national statistics bureau Insee said on Tuesday.

The business climate composite indicator, compiled from the answers of business managers in the main market sectors, stood at 105 in February, above its long-term mean (100).

"Compared to January, the business climate has gained one point in retail trade and in services. It is stable in building construction and in manufacturing. In all sectors, the business climate stands above its long-term average," said Insee in its monthly report.

The employment climate is also stable. Its composite indicator, based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and construction, stood at 105 for the second month in a row, well above its long-term average, according to Insee.