French Business Confidence Drops In February

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8:19 GMT

Feb 2009

French Business Confidence Drops In February

(RTTNews) - The French business confidence index fell to 68 in February from 73 recorded in January, the statistical office, INSEE said Friday. Economists were expecting the reading to remain unchanged at 73.

The indicator measuring general production outlook fell to minus 76 from minus 75 and the personal production outlook indicator fell to minus 46 from minus 39. The fall in personal production outlook indicator shows that activity in manufacturing industry would continue to fall in coming months.

The gauge for general outlook on prices stood at minus 33, down from minus 32.

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