French Business Confidence Slumped on Macron’s Snap Election
- Insee report shows lowest reading in more than three years
- Bank of France survey showed uncertainty spiked during voting
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French business confidence slumped to levels not seen since the Covid pandemic as companies reckoned with the turbulence of snap elections that plunged the country toward an uncertain political future.
The monthly gauge dropped five points to 94, while economists surveyed by Bloomberg had forecast the measure would be unchanged at one point below the long term average of 100.