French Manufacturing Sector Sentiment Continues Recovery in July

Sentiment in the French manufacturing sector continued its recovery for the third consecutive month in July, following a historic 30-point decline in April due to the coronavirus crisis.

Figures from the French national statistics agency Insee's monthly survey on Thursday showed manufacturing sentiment rose to 82 in July compared with a revised 78 in June, below the long-term average of 100.

The outcome is below economists' consensus forecast of 83 points in a survey conducted by Dow Jones Newswires.

Those surveyed are more optimistic on past production, with sentiment showing a marked increase, and there is a slight improvement in sentiment regarding manufacturing orders.

Insee said sentiment still remains at a very low level across all sectors, but it is relatively less downbeat in the food industry, the only sub-sector where it remains above the low level observed in 2009.

Write to Maria Martinez at

  (END) Dow Jones Newswires
  07-23-20 0259ET
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