As French economy struggles, business confidence ebbs

12/10/2012 | Bloomberg Businessweek

Adding to signs the French economy might be slipping back into recession, a measure of business sentiment declined to 91 last month from a reading of 92 in October. "Clearly, things are not great, and the car industry in particular is a disaster. Consumer spending is depressed, and as long as the labor market remains unfavorable, confidence will remain weak," said Dominique Barbet, an economist at BNP Paribas in Paris.

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