French Manufacturing Confidence Jumps to Two-Year High

French Manufacturing Confidence Jumps to Two-Year High

French manufacturing confidence jumped in April to the highest level in nearly two years and exceeded its long-term average for the first time since the start of the pandemic. Sentiment improved in all the main sub-sectors, and companies viewed their order books as particularly strong. At the same time, gauges for services and retail slumped after renewed restrictions to contain the spread of Covid hit stores and hospitality, underscoring the diverging fortunes of different parts of the economy in the coronavirus crisis.

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