French manufacturing confidence improved more-than-expected in July, after falling in the previous month, figures from the statistical office Insee showed Wednesday.
The manufacturing confidence index rose to 102.0 in July from 100.0 in June. Economists had expected the index to increase to 101.0. In May, the reading was 103.0.
According to the business managers, the balance on opinion on past change in production increased in July. The corresponding index climbed to 7 from 5 in the preceding month.
At the same time, the balance of personal production expectations dropped in July, with the index falling to 4 from 7.
The balance on general production outlook, which suggests business mangers’ opinion on French industry as a whole, strengthened and came in at a positive reading of 1, up from -3 in the prior month.
The material has been provided by InstaForex Company – www.instaforex.com