French architecture in France

France Business Confidence July 2018

France: Business sentiment declines in July

The National Institute of Statistics and Economic Studies’ (INSEE) business sentiment index for the manufacturing sector declined from June’s revised 109 points (previously reported: 110 points) to 108 points in July. Despite dropping to the worst reading in one year, the indicator remained above the 100-point long-term average, the INSEE’s benchmark measure to distinguish between improving and worsening business expectations.

July’s reading reflected respondents’ more pessimistic views on the economy. New orders from domestic and foreign clients dropped steeply, and firms’ outlook on the sector deteriorated. Firms’ assessment of their own production expectations and expected workforce size declined in July. In turn, views on finished goods inventories remained unchanged, the only component that did not decline in the surveyed month.

Regarding the different industries in the manufacturing sector, sentiment deteriorated in almost all sectors, including the food products and beverages sector, and the machinery and equipment goods industry.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest