France Business Confidence February 2020


France: Business confidence edges up in February

February 25, 2020

In February, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose to 102.5 from a revised 101.9 in January (previously reported: 100.0). As a result, the indicator move further above the 100-threshold, its long-term average.

Manufacturers general production expectations improved in February, while their perception of past activity grew slighly less gloomy. In addition, surveyed firms reported easing pessimism with regards to their overall orders books. Conversely, manufacturers’ employment expectations soured, as did their perception of finished-goods inventories.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.2% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees fixed investment growth at 1.9%.

Author:, Economist

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France Business Confidence Chart

France Business Confidence February 20 20 0

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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