France: Business sentiment moderates; remains in positive territory
November 27, 2015
According to the INSSE business climate survey, the business confidence indicator moderated from 103 points in October to 102 points in November. November’s result marked a five-month low. However, the indicator is still above the long-term 100-point average, which is the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.
According to the INSEE, the result came on the back of deteriorations in two out of five categories that comprise the index. In particular, businesses’ assessment regarding their personal production expectations fell to its lowest value since September 2014.
Author: Eric Denis , Economist