In May, the business sentiment index, developed by the National Statistical Institute (INSEE), dropped to 107 points from the revised 109 points in April (previously reported: 110 points). The reading marked a three-month low and diverged from market expectations, which had seen the index at 109 points. Despite the monthly drop, the index remains above its long-term average of 100 points. The deterioration in business confidence reflected a sharp drop in the general production outlook as well as declining demand and total order levels, thus suggesting weaker economic activity in the second quarter of the year. In the first quarter, the economy grew 1.0% over the previous quarter, the fastest expansion since Q2 2006. According to the monthly index of business activity (MIBA) elaborated by the Central Bank, GDP will increase 0.5% in the second quarter, while the March quarterly economic outlook released by INSEE has the economy expanding 0.4%.
France Business Confidence
Business confidence deteriorates in May
May 24, 2011
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France Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) dropped from a revised 52.7 (previously reported: 53.3) in September to 52.2 in October.
October 3, 2016
According to preliminary figures released by the National Statistical Institute (INSEE), consumer prices in September dropped 0.2% over the previous month, contrasting August’s 0.3% increase.
September 28, 2016
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) remained stable in September at August’s 97 points.
September 23, 2016
The composite Purchasing Managers’ Index (PMI), produced by IHS Markit, rose in September.
September 23, 2016
The French economy contracted in the second quarter.