Forward-looking indicators for the manufacturing sector paint an ambiguous picture. While the Central Bank's sentiment indicator suggests a more upbeat confidence level among business leaders, survey data from the National Institute of Statistics (INSEE) point downward. The Central Bank's business sentiment indicator for manufacturers rose markedly from 107 points in December to 110 points in January. With the January increase, the index moved further above its long-term average of 100. However, more recent data on the economic climate in the manufacturing industry contrast the positive outlook implied by the Central Bank's indicator. The business sentiment measurement developed by the INSEE dropped from 108 points in January to 106 points in February as domestic demand slowed. The reading undershot market analyst expectations of 109 points. According to the Central Bank's monthly index of business activity (MIBA), the economy is expected to expand 0.8% in the first quarter, while the quarterly economic outlook released by INSEE in December has the economy expanding 0.3% in the first quarter.
France Business Confidence
Business confidence shows divergent results
February 18, 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.