France Business Confidence September 2021

France

France: Business confidence eases to a five-month low in September

September 23, 2021

Business confidence came in at 106.3 in September, below August’s 109.6 and signaling the lowest reading since April. However, the index remained above the 100-threshold, indicating optimism among businesses.

September’s downturn was chiefly driven by firms’ growing pessimism with regards to their assessment of overall order books, foreign books and past workforce size. On top of this, personal production expectations turned less positive compared to the prior month. On a brighter note, however, employment intentions improved in September and business grew more optimistic regarding the general production expectations.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 10.4% in 2021, which is up 0.5 percentage points from last month’s forecast, and 4.3% in 2022, which is down 0.1 percentage points from last month’s estimate.


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France Business Confidence September 2021

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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