French Business Confidence Hits Highest Level Since 2007

French Business Confidence Hits Highest Level Since 2007

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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