France Business Confidence


France: Business confidence continues to improve

January 21, 2011

The Central Bank's business sentiment indicator for manufacturers rose from 107 points in November to 108 points in December, improving for the fourth consecutive month. With the December increase, the index moved further above its long-term average of 100. Capacity utilisation rose slightly over the previous month and order books expanded, while inventories of final goods were in line with expected levels. In addition, activity in the services sector continued to grow, buttressed by improving staff levels. More recent data on the economic climate in the manufacturing industry are in line with the outlook implied by the positive reading of the Central Bank's indicator. The business sentiment measurement developed by the National Statistical Institute (INSEE) jumped from 102 points in December to 108 points in January, the highest level since March 2008, overshooting market expectations of 104 points. According to the Central Bank's monthly index of business activity (MIBA), the economy is expected to expand 0.6% in the fourth quarter while the quarterly economic outlook released by INSEE in December has the economy expanding 0.5% in the fourth quarter.


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France Economic News

  • France: Business confidence reaches six-month high in May

    May 23, 2019

    In May, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector climbed 4 points from a month earlier to land at 104 points—a six-month high.

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  • France: Private-sector activity growth hits six-month high in May

    May 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) jumped to 51.3 points in May, climbing from 50.1 points in April and signaling the fastest private-sector activity growth in six months. May’s upturn reflected stronger services-sector activity once again offset by a fall in manufacturing output—although the pace of losses slowed somewhat from April.

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  • France: Inflation edges up in April

    May 15, 2019

    On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).

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  • France: Industrial output falls in March

    May 10, 2019

    Industrial output contracted 0.9% month-on-month and in seasonally-adjusted terms in March, on the heels of a revised 0.1% month-on-month expansion in February (previously reported: +0.4% month-on-month s.a.).

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  • France: Growth steady through Q1

    April 30, 2019

    France’s economy grew 0.3% quarter-on-quarter and in seasonally-adjusted terms in the first quarter, according to a first estimate released by the Statistical Institute (INSEE).

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