The Business Confidence Index Fell In France

PARIS - Oct. 19, 2014 - PRLog -- The indicator value is the lowest since August 2013, when it was also 91 points.

Analysts predicted that in the current month rate will not change in comparison with the previously announced the August level in 91 points.

The confidence index of companies processing industry this month remained at 96 points. The experts also did not expect such a measure.

Figure projected production unexpectedly rose to minus 17 points from minus 20 points a month earlier, while experts expected a decline to minus 22.

Indicator of the attitude of entrepreneurs in the service sector fell from 93 to 91 points in the construction industry - from 89 to 88 points, and in the retail sector - remained at 91 points.

Despite the fact that business activity in France remained at "negative" territory (in the service sector and in the industrial sector indices went below 50 points separating the growth phase and the phase of decline), the reaction of the players on the forex was in favor of the euro. Relative growth compared with the previous period shows positive developments in the second economy of the European Union. And this gave rise to correction in the euro after a severe decline in the last three months.

All the statistical data provided by BanksFrance.com - the French banking data agency focused on providing all the information about the banks and other financial institutions in France, including maps and locations, contact details, SWIFT BIC codes, branches and ATMs in all major cities across the country for free.

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