NEW YORK ( BBH FX Strategy) -- France reported better-than-expected business confidence figures Friday. The March reading of 96 compares with February's 93 and is the first time in over a year that business confidence has improved two consecutive months.Thursday's disappointing flash PMI report (manufacturing 47.6 vs 50.0 in February and service unchanged at 50.0 vs. expectations for a small increase) overshadowed news that the French government revised its forecast for 2012 growth to 0.7% from 0.5%. Some dismissed this as politically motivated as President Nicolas Sarkozy continues to trail in the polls, with the first round of voting a month away.
Business Confidence Rises in France
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