France Business Confidence March 2019


France: Business confidence stabilizes through Q1

March 26, 2019

In March, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector was roughly stable from a month earlier at 102 points (February: 103 points). As a result, the indicator remained above its 100-point long-run average.

March’s print reflected firms’ diminished views on past activity, which offset roughly stable opinions on employment and greatly improved assessments of short-term output—at all levels. That said, firms grew more downbeat on current export orders in light of the cooling global economy.

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 Chart

France Business Confidence March 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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