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France Business Confidence May 2023

France: Business confidence remains neutral in June

Business confidence was unchanged at May’s 100.0 in June. The result marked the joint-weakest sentiment since April 2021. As such, the index remained on the neutral 100-threshold which separates optimism from pessimism among businesses.

Looking at the details of the print, several subcomponents evolved in opposing directions. Sentiment in the manufacturing industry and retail trade improved to above the 100-neutral mark, while sentiment in the construction sector eased. Meanwhile, sentiment in the services sector remained unchanged. Moreover, the employment climate remained at the same level following its sharp degradation in May.

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