French business confidence hit a near 10-year-high in November, French statistics agency INSEE said on Thursday, providing a boost for President Emmanuel Macron.
The confidence indicator, based on a survey of French business people, rose two points in November to 111, its highest level since January 2008 and well above the long-term average of 100 points.
The jobs market, measured by employers' hiring plans, also improved in November, INSEE said, with its indicator rising one point to 109 to reach its highest level since 2011.
Macron, a 39-year-old centrist elected in May, pushed through a major reform of French labour law in September designed to encourage hiring and has staked his presidency on combating unemployment.
He is also benefiting from an improving economic climate that has seen growth pick up across the eurozone common currency area amid stock market gains.
The French economy chalked up a fourth consecutive quarter of strong growth between July and September with expansion of 0.5 percent year-on-year, led by a pick-up in household consumption and investment.
The growth figures published at the end of October suggested the eurozone's second-biggest economy was on course to achieve growth of 1.8 percent this year, meeting the government's target.
Source: AFP
GMT 19:18 2017 Tuesday ,31 October
France notches up solid growth in Q3GMT 11:06 2017 Saturday ,30 September
Got a yacht? Proposed French tax break makes wavesGMT 20:26 2017 Tuesday ,07 March
IEA expects oil companies reviving investmentGMT 15:08 2016 Monday ,03 October
FAO: Transforming Agriculture to Address Climate Change and Other Global ChallengesGMT 03:38 2016 Saturday ,01 October
France's Renault to produce cars, provide after-sales services in IranMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor