France Business Confidence December 2020


France: Business confidence improves in the final month of the year

December 17, 2020

Business confidence came in at 93.0 in December, up from November's 92. Consequently, the index moved closer to, but still remained below, the 100-threshold, which represents its long-term average..

With regard to demand, manufacturers’ personal and general production expectations improved markedly from the previous month. Moreover, employment intentions ameliorated from November. Meanwhile, although firms’ perception of new export books turns less pessimistic in December, their views of overall orders books slumped from the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment growing 7.3% in 2021, which is down 0.7 percentage points from last month’s forecast. For 2022, the panel sees fixed investment growth at 4.3%.

Author:, Economist

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France Business Confidence Chart

France Business Confidence December 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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