The French business climate improved slightly in February, owing to a bounce in both industry and services morale. However, employment conditions worsened with the indicator there falling to 94 from 98 previously. That's the lowest reading since April 2021 and if you scrap out the Covid pandemic as an outlier, it's the weakest reading since March 2015. That is something to be wary about when looking at the future reports in the months ahead.
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