• Prior 103; revised to 104
  • Manufacturing confidence 102
  • Prior 104; revised to 103
  • Services confidence 106
  • Prior 106; revised to 107

A slight drop in French business morale and the darker outlook heading into the winter months won't provide too much comfort for sentiment moving forward. Recession risks are growing in Europe and even if they can escape a major gas crunch this winter, the next year may prove to be even more challenging.