Latest data released by INSEE - 22 October 2020

  • Prior 92
  • Manufacturing confidence 93
  • Prior 96; revised to 94
  • Services confidence 89
  • Prior 95; revised to 94

French business morale eases in October and that adds to further deterioration in sentiment amid the worsening virus situation across the region. Much like what we saw from the GfK survey earlier, optimism in Europe is fading as we get into Q4.