France Business Confidence February 2021

France

France: Business confidence hits 11-month high in February

February 24, 2021

Business confidence rose to 97 in February from January's 96, marking the strongest reading since March 2020. As such, the index moved closer to the 100-threshold, which represents its long-term average.

With regard to demand, firms’ personal production expectations improved from the previous month as did their general production expectations. Moreover, firms perception of new export order books as well as overall order books turned less pessimistic in February. That said, employment intentions deteriorated in February compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 7.0% in 2021, which is down 0.5 percentage points from last month’s forecast, and 4.4% in 2022.


Author:, Economist

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France Business Confidence February 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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