French manufacturing confidence declined unexpectedly in December, survey results from the statistical office Insee showed Thursday.
The business climate in manufacturing remained very favorable in December, although the composite index dropped to 112 from 113 in November.
Meanwhile, economists had expected the index to remain stable at 113.
The index for general production outlook edged down to 30.0 in December from 31 in the prior month. However, the index remained well above its mean.
At the same time, the component index for personal production expectations held steady at 15.
The balance of opinion on past activity worsened in December, with the index falling to 21 from 26 in November.
The material has been provided by InstaForex Company – www.instaforex.com
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