The French economy operates 12% below normal levels under the new lockdown versus the 31% loss seen during the April lockdown, according to the monthly survey of the Bank of France carried out on 8,500 business leaders.
“Go sservices that required direct contact with customers would be the most affected, with a 40% drop in the activity of the wholesale, retail, transport, hotel and restaurant industries “.
“Meanwhile, the manufacturing companies they expected to operate with a loss of only 7% of its normal activity and construction of 8% “.
“The survey corroborates the picture drawn from the new blockade using high-frequency data.”
Credits: Forex Street
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