France Business Confidence


Business sentiment moderates; remains in positive territory

According to the INSSE business climate survey, the business confidence indicator moderated from 103 points in October to 102 points in November. November’s result marked a five-month low. However, the indicator is still above the long-term 100-point average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.

According to the INSEE, the result came on the back of deteriorations in two out of five categories that comprise the index. In particular, businesses’ assessment regarding their personal production expectations fell to its lowest value since September 2014.

FocusEconomics Consensus Forecast panelists see fixed investment contracting 0.5% in 2015, which is unchanged over the previous month’s estimate. For 2016, the panel sees investment expanding 1.9%, which is down 0.1 percentage points from last month’s forecast.

Author:, Economist

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France Business Confidence Chart

France Business Confidence November 2015

Note: Value of monthly business sentiment indicator index; long-term avg. at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).

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