The October business sentiment index published by the National Statistical Institute (INSEE) fell to 85 points from 90 points in September. The reading contrasted market analysts' expectations, who had seen confidence remaining stable at 90 points. At the current level, business sentiment is at its lowest level in over three years, and remains well below its long-term average of 100 points. The monthly result reflected notable deteriorations across all categories, especially for demand and total order levels, which worsened as a lack of economic growth in the Euro area continues to weigh on the external sector. Meanwhile, the general production outlook, which represents opinions on French industry as a whole, deteriorated sharply.
France Business Confidence
Business confidence drops to lowest level in over three years
October 23, 2012
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France Business Confidence Chart
Note: Value of monthly business sentiment indicator index; long-term avg. at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).
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.