France Business Confidence June 2017

France

France: Business sentiment declines marginally in June

June 22, 2017

According to the National Institute of Statistics and Economic Studies’ (INSEE) business climate survey on manufacturing activity, the indicator ticked down from May’s multi-year high of 109 points to 108 points in June. The reading undershot market expectations that it would remain steady at 109 points. Despite the drop, the indicator is still above the 100-point long-term average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.

According to the INSEE, June’s reading reflects a drop in two components of the index. Manufacturers perceived their past economic activity and their own production expectations in a more negative light. Despite the drop, both indicators remain above their long-term average. On the other hand, general production prospects for the sector improved notably and reached the highest print in 10 years while export order books remained unchanged.

Regarding the different industries in the manufacturing sector, sentiment improved in only one of the four surveyed sectors, while one was unchanged and the two remaining sectors dropped although they did remain above average.

FocusEconomics Consensus Forecast panelists expect fixed investment to expand 1.9% in 2017, which is unchanged from last month’s forecast. For 2018, participants expect fixed investment to expand 2.3%.


Author: Jean-Philippe Pourcelot, Economist

Sample Report

Looking for forecasts related to Business Confidence in France? Download a sample report now.

Download

France Business Confidence Chart


France Business Confidence June 2017 0

Note: Value of monthly business sentiment indicator index; long-term avg. at 100.
Source: National Institute of Statistics and Economic Studies (INSEE).


France Economic News

  • France: Inflation edges up in April

    May 15, 2019

    On 15 May, the Statistical Institute (INSEE) reported that consumer prices rose 0.3% from a month earlier in April (March: +0.8% month-on-month).

    Read more

  • France: Consumer confidence stabilizes in April

    April 28, 2019

    Consumer confidence stabilized in April, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which held steady from March at 96 points.

    Read more

  • France: Industrial output stalls in February

    April 24, 2019

    Industrial output expanded 0.4% from a month earlier and in seasonally-adjusted terms in February, on the heels of a revised 1.2% month-on-month expansion in January (previously reported: +1.3% month-on-month s.a.).

    Read more

  • France: Business confidence edges lower in April

    April 24, 2019

    In April, the National Institute of Statistics and Economic Studies’ (INSEE) business-climate indicator for the manufacturing sector dipped 2 points from a month earlier to land at 101 points (March: 103 points).

    Read more

  • France: Private-sector activity stabilizes in April

    April 23, 2019

    The seasonally-adjusted IHS Markit Flash Composite Purchasing Managers’ Index (PMI) landed at the 50.0-point threshold in April, ticking up from 48.9 points in March and signaling a stabilization of private-sector activity. April’s steadying saw services-sector activity offset a fall in manufacturing output.

    Read more

More news

Search form