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French business sentiment declines in June to lowest since November 2016

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Christian Fernsby ▼ | June 25, 2019
French construction
European economies   June's figure was the lowest since November 2016

French manufacturing sector sentiment soured this month.

Figures from statistic agency Insee's monthly survey on Tuesday showed that manufacturing sentiment declined to 102 in June from May's six-month high of 104.

Consensus in a Wall Street Journal poll had projected a flat reading.

June's figure was the lowest since November 2016.

The shift in the mood of the manufacturing sector of the eurozone's second-largest economy comes a day after figures showed deteriorating business sentiment in its largest.

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