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.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.