Bank of France Industrial Uncertainty Index Hits Highest Since April

The Bank of France's industrial uncertainty gauge climbing to its highest since April sits awkwardly beside its own forecast of 0.1% third-quarter GDP growth. The gap suggests the central bank sees the softness as concentrated in sentiment rather than hard activity, or expects it to fade. Whether that divergence holds — uncertainty easing while growth stays positive — is the open question, since the index is a forward-looking measure and the GDP call is not.