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TABLE-French industry morale unexpectedly falls to four-month low
March 23, 2017 / 7:48 AM / 8 months ago

TABLE-French industry morale unexpectedly falls to four-month low

    PARIS, March 23 (Reuters) - French industrial morale fell to a four-month
low in March, coming in below expectations, data from state statistics body
INSEE showed on Thursday, in what may be the first sign that uncertainty
surrounding the presidential election may be weighing on confidence.
    Morale in the industrial sector fell to 104 points in March from 107 in
February. A Reuters poll of economists had an average forecast of 107.
    In the dominant services sector, the index was stable at 104, while the
composite index edged down one point to 104, although the previous month's
reading was revised up one point.
    The following are the main figures published by INSEE. Although the
composite business sentiment index is broader-based, industry morale is more
closely followed by economists.
    
                                  March 17    Feb 17      Jan 17      Dec 16
 France composite                  104        105         104         105
    Industry                       104        107         106         106
 
    For business morale details from INSEE: link.reuters.com/pav79t
    For industry morale details from INSEE: link.reuters.com/raw62v
    For a graphic: link.reuters.com/nut32t

 (Reporting by Michel Rose; Editing by Sudip Kar-Gupta)
  

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