The business sentiment index published by the National Statistical Institute (INSEE) fell from a revised 91 points in June (previously reported: 92 points) to 90 points in July, which represents the lowest level since February 2010. The drop contrasted market expectations, which had business confidence remaining stable at the original 92 points recorded in June. As a result of the monthly fall, business sentiment moved further below its long-term average of 100 points, where it has now languished since September 2011. The monthly result reflected a further deterioration in general as well as in personal production expectations. In addition, demand and export order levels worsened notably over the previous month. According to the Central Bank's monthly index of business activity (MIBA), GDP contracted 0.1% in the second quarter.
France Business Confidence
Business confidence weakens amid slowing demand
July 24, 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.