French Business Confidence Hits Highest Level Since 2007

(Bloomberg) -- French business confidence rose more than forecast in June to reach the highest level since 2007 as the reopening of the economy spurred a sharp improvement in the services sector. In industry, sentiment stabilized after six months of increases. The lifting of virus restrictions and an acceleration of vaccinations is supporting a faster-than-expected recovery, which the Bank of France predicts will drive activity back to pre-crisis levels by early next year.

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