France Business Confidence March 2020


France: Business confidence falls in March

March 26, 2020

In March, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector fell to 98 in March from 101 in February. As a result, the indicator slid below the 100-threshold, its long-term average.

Manufacturers general production expectations plummeted in March, as well as over their overall order books. In addition, surveyed firms reported falling expectations on their workforce size. Meanwhile, their expectations of past activity improved, while perceptions of finished-goods inventories remained unchanged.

FocusEconomics Consensus Forecast panelists see fixed investment fallinh 1.9% in 2020, which is down 4.1 percentage points from last month’s forecast. For 2021, the panel sees fixed investment growth at 3.0%.


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France Business Confidence Chart

France Business Confidence March 20 20

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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