France’s October business confidence rose to 97 from 96, exceeding the expected 96 but remaining below the long-term average of 100. Industrial and services confidence also improved, while retail confidence and the employment index declined. INSEE attributed weaker employment sentiment to services businesses’ workforce expectations, excluding temporary work. The article argues that softer hiring intentions and fragile retail sentiment cloud the household-spending outlook. It also reports rising French borrowing costs and a wider yield spread against Germany, without specifying supporting dates or exact spread levels.
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