French industrialists mired in gloom

Source:AFP Published: 2012-9-25 23:10:03

French industrialists are deeply gloomy about their business prospects, official data showed on Tuesday, putting their confidence at the lowest since 2010.

The latest data, for September, from the national statistics institute INSEE was unchanged from the showing in August.

The confidence index compiled by INSEE gave a reading of 90, far below the average long-term average of 100 points but slightly better than 89 in July.

INSEE said that business leaders in the manufacturing sector held that their past activity had fallen sharply but that their order books were picking up.

AFP



Posted in: Economy

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