France Business Confidence November 2018


France: Business confidence edges up in November

November 22, 2018

In November, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector ticked up to 105 points from 104 points a month earlier. As a result, the indicator remained above the 100-point long-run average—INSEE’s benchmark measure which distinguishes improvement of the business environment.

November’s print reflected firms’ improved views of past output, as well as stronger expectations for firm-level output over the coming months. On the other hand, firms’ views on export orders slipped as international business faltered.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.8% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees fixed investment expanding 2.6%.


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France Business Confidence Chart

France Business Confidence November 2018

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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