BUSINESS French business, employment climate stable in February: Insee

BUSINESS

French business, employment climate stable in February: Insee

Xinhua

20:50, February 25, 2020

PARIS, Feb. 25 (Xinhua) -- French business managers' confidence in the country's economic and employment climate was stable in February, the national statistics bureau Insee said on Tuesday.

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This picture taken on febuary 24, 2020 shows a statue of Michel de L'Hospital by Louis Pierre Deseine in front of the National Assembly main building "Palais Bourbon" at night during pension reform's parliamentary discussions in Paris. (Photo: AFP)

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.

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