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French business leaders sentiment stable in November

Xinhua, November 24, 2016 Adjust font size:

Business climate in France has been stable in November for the second consecutive month, official data showed on Thursday.

Business indicator stood at 102 points, unchanged from October figures and above its long-term average of 100 points, the national statistics bureau Insee said in a report.

Climate of industry was unchanged at 103 points over the period but French businessmen expresses less optimism about the whole trade activity which lost two points, according to the report.

However, business climate has gained four points in retail trade, three points in building construction, one point in services, it added.

At the same time, the turning point indicator for the French economy remains in area. showing an uncertain short-term outlook, Insee said.

France lowered its economic growth target for 2016 to 1.4 percent from a previous estimate of 1.5 percent, blaming dim growth recorded in the second and third quarters because of rolling strikers against labor reform, terror attacks and poor harvests. Endit