Central Banks
French Business Uncertainty Surged During Turbulent Election
- Bank of France survey shows high uncertainty in services
- Economy probably grew 0.1% last quarter, central bank says
The elections ultimately delivered a hung parliament that’s left deeply divided parties trying to negotiate how to form alliances capable of passing legislation.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
French business uncertainty surged during snap elections as firms worried about investment and the potential for labor costs to jump, according to the central bank’s monthly survey.
July’s reading, based on a text-mining of responses from business leaders, reached the highest level since the 2022 energy crisis in industry, the Bank of France said Wednesday. The services gauge was the most since 2021.