France Business Confidence October 2020

France

France: Business confidence deteriorates in October, falling further below long-term average

October 22, 2020

Business confidence fell to 93 in October from September's 94. As a result, the index fell further below the 100-threshold, which represents its long-term average.

With regard to demand, manufacturers’ perceptions of both new overall orders and new export orders turned more pessimistic in October, likely reflecting rising concerns over the surging number of new Covid-19 cases. Moreover, firms’ personal and general production expectations deteriorated markedly from the previous month. In terms of staffing, employment intentions improved somewhat from September, although they remained pessimistic.

FocusEconomics Consensus Forecast panelists see fixed investment falling 14.4% in 2020, which is up 1.2 percentage points from last month’s forecast. For 2021, the panel sees fixed investment growth at 8.5%, which is down 1.0 percentage point from last month’s forecast.


Author:, Economist

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France Business Confidence October 20 20

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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