France Business Confidence May 2021


France: Business confidence hits highest reading since August 2018 in May

May 26, 2021

Business confidence came in at 107 in May, up from April's 104. May's result marked the strongest sentiment since August 2018. As a result, the index moved further above the 100-threshold, indicating optimism among businesses.

The headline improvement came on the back of greater optimism regarding output expectations and less pessimistic views on overall order books. Moreover, attitudes towards the expected trend in selling prices rose sharply and reached its highest level since 2011.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 8.9% in 2021, which is up 0.3 percentage points from last month’s forecast, and 4.1% in 2022.

Author:, Economist

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France Business Confidence Chart

France Business Confidence May 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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