France Business Confidence September 2020

France

France: Business confidence rises to six-month high in September, albeit remains below long-term average

September 24, 2020

Business confidence climbed to 96 in September, up from August's 93, marking the best result since March. Although the index improved for the fifth consecutive month, it still remained below the 100-threshild, which represents its long-term average.

With regards to demand, manufacturers’ perception of new orders as well as new export orders turned less pessimistic in September; however, remained entrenched in negative territory. With regards to staffing, employment intentions improved from August, but still remained pessimistic. Moreover, firms’ general production expectations turned less pessimistic compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment falling 15.6% in 2020, which is up 1.6 percentage points from last month’s forecast. For 2021, the panel sees fixed investment growth at 9.5%, which is up 0.9 percentage points from last month’s estimate.


Author:, Economist

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France Business Confidence September 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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