Latest data released by INSEE - 17 December 2020

  • Prior 79
  • Manufacturing confidence 93
  • Prior 92
  • Services confidence 90
  • Prior 77; revised to 78

The jump in business morale mostly reflects a better reading in the services sector, which reaffirms similar sentiment from the PMI readings yesterday.

This bolsters the narrative that perhaps the concerns on Q4 economic prospects may not be as dim as anticipated in the past few weeks before this.