France: Business confidence steady for fifth consecutive month in April
April 24, 2014
The monthly business sentiment index published by the National Statistical Institute (INSEE) remained at March's 100 points in April, which matched market expectations. This is the fifth consecutive month in which the indicator has remained at its long-term 100-point average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.
Business leaders' expectations regarding future business conditions remained unchanged. While they were more pessimistic regarding the current business situation, the impact on the index was offset by improved expectations for demand and total orders as well as for inventories.
FocusEconomics Consensus Forecast panelists see private investment expanding 0.8% in 2014, which is up 0.1 percentage points over the previous month's estimate. For 2015, the panel sees investment expanding 2.4%.