French Oct business climate indicator 108 vs 109 in Sept - Insee UPDATE |
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Thu, 25 Oct 2007 09:01
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(updates with breakdown of reading)PARIS (AFX) - A composite indicator of French business confidence fell to 108 in October from 109 in September, according to a monthly survey of industrialists carried out by the statistics office Insee.Economists polled by Thomson Financial News had expected a reading of 109.The indicator reflects the level of positive business leader opinion on the overall output outlook, their own output outlook, past production, inventories and order books.General output expectations rose to +7 from +6 in September, matching economists' expectations.The indicator represents the balance in percentage points between those expecting an overall rise in output and those predicting a decline.The indicator on industrialists' expectations on their own output stood at +20 in October, up from +18 on the previous month.The indicator on past production was +12, compared with +19 a month earlier. Personal price expectations were +4 compared with +5 last month.Insee said the indicator on inventory levels for October was +16, down from +17.Overall order levels returned a zero reading for both October and September, while the indicator on foreign order levels was +4 versus +10 the month before.All figures relate to all branches of industry except the food sector.paris@afxnews.comhem/lam/mrg/jrrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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French Oct business climate indicator 108 vs 109 in Sept - Insee 