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To: Mike M2 who wrote (168740)	5/29/2002 11:17:54 AM
From: Haim R. Branisteanu	Respond to of 436258

DATA SNAP: French Business Sentiment Recoups 2001 Losses ========================================================= May Business Sentiment Survey !Surprise: Yes ! Synthetic Mfg May Apr !Trend: Firmer ! 101 98 !sentiment ! !Consensus: ! General Outlook May Apr !Synth Index: 98 ! -5 -13 !Genl Outlk: -14 ! ========================================================= PARIS (Dow Jones)--French business sentiment rose sharply in May, suggesting that economic growth in the euro zone's second-largest economy is accelerating in the second quarter. The manufacturing sentiment index, a broad gauge of health in the sector, rose three points in May to 101, its highest level since June 2001 and above forecasts for a reading of 98. "This confirms the improvement in the industrial outlook," the government statistics agency, Insee, said Wednesday. The general production outlook, meanwhile, rose eight points to -5, well above expectations and the highest level for that index since March 2001. The personal production outlook, a gauge of companies' own plans for output that correlates closely to industrial production, increased four points to 10, the highest level since March 2001. The better business outlook seems to be due to higher domestic demand rather than firmer overseas activity. The orders index, which includes both foreign and domestic bookings, was unchanged in May at -17. The overseas orders index shed five points to -14. (MORE) Dow Jones Newswires 29-05-02 0646GMT