French business confidence rebounded in August to its highest since France went into a coronavirus lockdown despite a resurgence of new infections, a survey showed on Thursday.
INSEE, the official statistics agency, said its monthly business sentiment index rose to 91 from 84, reaching its highest since March, when midway through the month the government put France under one of the strictest lockdowns in Europe.
INSEE said that the survey showed business’ leaders personal outlooks had eased in August despite the overall improvement, suggesting that much of the recovery in activity had already run its course. The overall rebound in business confidence came as the government struggled this month to contain a surge in new COVID-19 cases as the French went on summer holiday.
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