Latest data released by INSEE - 25 March 2021

  • Prior 90
  • Manufacturing confidence 98
  • Prior 97; revised to 98
  • Services confidence 95
  • Prior 90; revised to 89

French business morale improves on the month as services activity is seen stabilising, as reaffirmed by the PMI readings yesterday here. Tighter virus restrictions are still a factor to consider going into Q2, so that should limit any optimism in the month ahead.