In July, the business sentiment index published by the National Statistical Institute (INSEE) dropped to 105 points from a revised 110 points in June (previously reported: 109 points). The reading was below market expectations, which saw the index easing to 107 points. In spite of the monthly decrease, business sentiment remains above its long-term average of 100 points. The drop in business confidence reflected a notable deterioration in the general production outlook. In addition, personal production perspectives as well as demand and total order levels deteriorated over the previous month. The drop in business confidence does not bode well for economic activity at the outset of the third quarter. According to the monthly index of business activity (MIBA) elaborated by the Central Bank, GDP increased 0.2% in the second quarter, which was down 0.2 percentage points over last month's estimate and matched the INSEE forecast for Q2 GDP growth according to its INSEE's June quarterly economic outlook.
France Business Confidence
Business confidence drops in July
July 22, 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.