France Business Confidence April 2019


France: Business confidence edges lower in April

April 24, 2019

In April, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector dipped 2 points from a month earlier to land at 101 points (March: 103 points). Despite the downtick, the indicator remained above its 100-point long-run average.

April’s print reflected firms’ diminished views on past activity, which offset roughly stable opinions on employment and order books—including export orders. Optimism toward firm-level output prospects also notched lower.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.4% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, the panel sees fixed investment growth at 2.1%.

Author:, Economist

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France Business Confidence Chart

France Business Confidence April 2019

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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