France Business Confidence January 2020


France: Business confidence rebounds in January

January 22, 2020

In January, the French Statistical Institute’s (INSEE) business climate indicator for the manufacturing sector rose to 100.0 from a revised 98.4 in December (previously reported: 101.8). As a result, the indicator landed on the 100-threshold, its long-term average.

Improving expectations of personal production ahead, coupled with a more positive perception of overall order books, drove January’s rise. In addition, manufacturers’ perception of past activity got rosier, as did their assessment of past workforce size.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.2% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees fixed investment growth at 1.9%.

Author:, Economist

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France Business Confidence Chart

France Business Confidence January 20 20 0

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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