France Business Confidence December 2021


France: Business confidence improves in December

December 16, 2021

Business confidence rose to 111.3 in December from November's 109.5. December's result marked the strongest sentiment since February 2018. As such, the index moved further above the 100-threshold, indicating optimism among businesses.

December’s improvement was largely driven by an improvement in firms’ assessment of past production, as well as returning optimism with regards to finished-goods inventory. Moreover, companies’ personal and general production expectations rose, while they turned more optimistic with regards to expected workforce size.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 4.0% in 2022, which is down 0.2 percentage points from last month’s forecast, and 2.7% in 2023.


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France Business Confidence Chart

France Business Confidence December 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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