French industrial confidence firm: official data

22nd April 2011, Comments 0 comments

French industrialists are more confident than average about long-term prospects, although their optimism flattened out in April, an index from the official statistics agency INSEE showed on Friday.

The industrial confidence index steadied at 110 points in April and this was "higher than the long-term average," INSEE said.

This is one of a number of leading signals of some dynamism in the French economy.

Managers in the manufacturing sector reported that their recent activity had continued to pick up and the balance of views about the outlook was sharply higher than the long-term average, INSEE said.

© 2011 AFP

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