French business climate indicator falls to 107 in Sept from 108 in July

A composite indicator of French business confidence fell to 107 in September from a revised 108 in July, according to a monthly survey of industrialists by the statistics office Insee. A consensus forecast of economists polled by AFX News had expected a decline to 108 from 109, the figure originally reported for July. There was no survey in August. The indicator reflects the level of positive business leader opinion on the overall output outlook, their own output outlook, past production, inventories and order books. General output expectations jumped to +18 in September from a revised +7 in July. The economists polled by AFX News had expected this figure to fall to +5 from an initial +6 in July. The indicator on industrialists' expectations on their own output was unchanged from July at +10. The indicator on past production fell to +11 in September from +13 in July. General price expectations rose to +31 in September from +28 in July, while own price expectations rose to +9 from +8. The indicator on inventory levels for September was +11, down from a July figure of +12. Overall order levels were fell to -4 in September from a revised -3 in July. The July figure was originally reported as -2. The indicator on foreign order levels plunged to +4 in September from +14 in July. All figures relate to all branches of industry except the food sector.