France Business Confidence October 2022

France

France: Business confidence bounces back slightly in October

October 20, 2022

Business confidence rose to 103.2 in October from September's 101.5. As such, the index remained above the 100-threshold, signaling optimism among businesses.

The headline print largely reflected an improvement in sentiment regarding new orders both abroad and at home, which bounced back after three consecutive months of decrease. Furthermore, businesses’ expected production and employment levels in the next months also improved.

Nevertheless, the economic uncertainty felt by the business managers remained almost stable and remained above average.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 0.9% in 2023, which is down 0.5 percentage points from last month’s forecast, and 1.4% in 2024.


Author:, Junior Economist

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France Business Confidence October 2022

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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