French Industrial Confidence Unchanged in May on Domestic Demand

French industrial confidence was unchanged in May as President Francois Hollande struggled to revive growth in Europe’s second-largest economy.

An index of sentiment among factory managers was unchanged at 94, while an index of service companies fell to 88 from 89, the Bank of France said in an e-mailed statement. Economists expected an increase in confidence among factory managers, according to the median of five estimates gathered by Bloomberg.

The figures suggest gross domestic product in Europe’s second-largest economy will expand 0.1 percent in the second quarter, the Bank of France said.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

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