French Company Sentiment Falls as Crisis Talks Continue: Economy
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French business confidence unexpectedly fell to the lowest in almost two years this month, providing the latest sign that Europe’s second-largest economy is mired in a recession.
A gauge of sentiment among factory managers fell to 91 from 94 in December, statistics office Insee said today in Paris. That’s the lowest since February 2010. Economists forecast an increase to 95, according to the median of 15 estimates in a Bloomberg News survey. Euro-area consumer confidence probably fell to the lowest since August 2009 this month, according to a separate survey before European Commission data later today.