French Business Morale Rebounds in August Despite Surging COVID-19 Cases

French business confidence rebounded in August to its highest since France went into a coronavirus lockdown despite a resurgence of new infections, a survey showed on Thursday. INSEE, the official statistics agency, said its monthly business sentiment index rose to 91 from 84, reaching its highest since March, when midway through the month the government put France under one of the strictest lockdowns in Europe. Business confidence has rebounded since the government began lifting the lockdown on May 11 as companies struggled to respond to pent-up demand from clients.