French economic activity at 65% of normal levels: INSEE

By: - March 26, 2020
A sign reading
FILE PHOTO: A sign reading “No more masks and hydroalcoholic gel” is displayed in a pharmacy in Nice, France, March 4, 2020. REUTERS/Eric Gaillard

March 26, 2020

PARIS (Reuters) – French economic activity and household spending are running at about 65% of normal levels due the coronavirus outbreak, the INSEE official statistics agency said on Thursday.

INSEE gave the first picture of the impact of the nationwide lockdown as it published its monthly business confidence index, which saw its steepest fall on records going back to 1980. It fell to 95 points from 105 points in February.

(Reporting by Leigh Thomas; Editing by Shri Navaratnam)

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