French economic activity at 65% of normal, business morale in record drop
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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 biggest single drop since records began in 1980.The index fell to 95 points from 105 points in February with even steeper declines seen in the services and retail..