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June 25, 2019, 3:16 a.m. EDT

French business sentiment declines in June

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By Fabiana Negrin Ochoa

BARCELONA--French manufacturing sector sentiment soured this month as business leaders became less optimistic about activity in the sector.

Figures from statistic agency Insee's monthly survey on Tuesday showed that manufacturing sentiment declined to 102 in June from May's six-month high of 104. Consensus in a Wall Street Journal poll had projected a flat reading. June's figure was the lowest since November 2016.

The shift in the mood of the manufacturing sector of the eurozone's second-largest economy comes a day after figures showed deteriorating business sentiment in its largest. The German Ifo business climate index dropped for a third straight month in June to its lowest point since November 2014, data showed Monday.

Investors will now look ahead to Wednesday's releases to gauge the temperature of consumer sentiment in both France and Germany. The Germany GfK consumer climate survey for July is due at 0600 GMT and will be followed by France's consumer confidence poll for June. Economists in a WSJ poll expect both measures to have turned more negative.

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