France Business Confidence January 2018

France

France: Business confidence stabilizes in January

January 23, 2019

In January, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was stable from a month earlier at 103 points. As a result, the indicator remained above the 100-point long-run average—INSEE’s benchmark measure which distinguishes improvement of the business environment.

January’s print reflected firms’ improved views on past output, which offset deteriorating assessments of current export orders and anticipated workforce size. Overall, firms remained pessimistic on the manufacturing sector’s output prospects.

FocusEconomics Consensus Forecast panelists see fixed investment growing 2.8% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees fixed investment expanding 2.6%.


Author:, Economist

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France Business Confidence January 2019

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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