France Business Confidence June 2022


France: Business confidence rises in June

June 23, 2022

Business confidence came in at 107.6 in June, up from May's 106.3. As a result, the index moved further above the 100-threshold—its long-term average—indicating stronger optimism among businesses.

The headline print largely reflected improved sentiment with regard to new orders. Moreover, firms’ production expectations and projected workforce size over the coming months improved slightly compared with the previous month. Lastly, despite improving in June, general economic uncertainty remained well above its long-run average.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 2.3% in 2022, which is down 0.3 percentage points from last month’s forecast, and 2.4% in 2023.

Author:, Junior Economist

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France Business Confidence Chart

France Business Confidence June 2022

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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