France Business Confidence

France

France: Business confidence drops to lowest level in over three years

October 23, 2012

The October business sentiment index published by the National Statistical Institute (INSEE) fell to 85 points from 90 points in September. The reading contrasted market analysts' expectations, who had seen confidence remaining stable at 90 points. At the current level, business sentiment is at its lowest level in over three years, and remains well below its long-term average of 100 points. The monthly result reflected notable deteriorations across all categories, especially for demand and total order levels, which worsened as a lack of economic growth in the Euro area continues to weigh on the external sector. Meanwhile, the general production outlook, which represents opinions on French industry as a whole, deteriorated sharply.


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France Business Confidence October 2012

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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