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Bloomberg
French business confidence fell its lowest level in more than a year in May as strikes hampered refinery output and limited petrochemical supplies.
A gauge of sentiment among manufacturing executives dropped to 97 in May, its lowest since March 2015 and down from 99 in April. The central cut its Q2 growth forecast to 0.2% from 0.3%. Workers at refineries and ports blocked deliveries in late May and truckers halted traffic for a day to protest President Hollande’s plans for a new labor law.