France Business Confidence June 2021

France

France: Business confidence stable in June

June 24, 2021

Business confidence came in at 107 in June, matching May’s reading, which had marked an over two-and-a-half-year high. Consequently, the index remained above the 100-threshold, its long-term average.

With regard to demand, firms’ general production expectations improved in June, while their personal production expectations weakened somewhat. Meanwhile, their perception of export order books, as well as overall order books turned less pessimistic. Lastly, employment intentions strengthened compared to the previous month.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 10.1% in 2021, which is up 0.8 percentage points from last month’s forecast, and 4.1% in 2022.


Author:, Economist

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France Business Confidence June 2021

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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