CEOs worldwide may be eyeing China right now, but European business leaders are also concerned about rumblings in an economy closer to home.
France’s economy has struggled to gather pace and this week, French Prime Minister Manuel Valls promised to step up the pace of economic reforms and make the French labor market more flexible.
August’s flurry of economic data shows an ongoing recovery, but one that lacks strong momentum. The INSEE business climate index showed that confidence inched higher in August, while the Markit purchasing managers’ index (PMI) showed business activity continuing to rise, but at a slightly slower rate than in the previous month.
Data out on Wednesday showed that France’s stubbornly high unemployment level crept lower in July. But economic growth flatlined in the second quarter.