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French business morale in January remains at two-year lows

French business morale in January remains at two-year lows
The financial district of La Defense with the headquarters of Societe Generale and Edf is seen during sunset near Paris, France, September 25, 2018. Picture taken September 25, 2018. REUTERS/Christian Hartmann   -   Copyright  CHRISTIAN HARTMANN(Reuters)
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PARIS (Reuters) – French business morale in January remained mired at its lowest level in more than two years, according to data from the INSEE national statistics office, as anti-government protests rattle the euro zone’s second-largest economy.

INSEE said its business confidence index level for January stood at 102 points – the same level as in December which marked the weakest reading since November 2016.

INSEE’s measure of confidence in industry stood at 103 points, unchanged from December. A Reuters poll of 19 analysts had forecast a reading of 103 points.

France’s “yellow vests” protests – named after the high-visibility jackets all French motorists are required to carry in their vehicles – have hit the country’s economy due to vandalism in shopping areas and disruption to tourism and transport networks.

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)

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