France Business Confidence November 2020


France: Business confidence sours in November amid renewed lockdown measures

November 24, 2020

Business confidence dropped to 92 in November from October's 94. As a result, the index fell further below the 100-threshold, which represents its long-term average.

With regard to demand, manufacturers’ personal and general production expectations deteriorated markedly from the previous month, likely owing to renewed lockdown measures. Moreover, in terms of staffing, employment intentions also worsened in November. Meanwhile, manufacturers’ perception of both new overall orders and new export orders turned less pessimistic from the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 7.3% in 2021, which is down 0.7 percentage points from last month’s forecast, and 4.3% in 2022.

Author:, Economist

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France Business Confidence Chart

France Business Confidence November 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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