France Business Confidence November 2021


France: Businesses turn more optimistic in November

November 24, 2021

Business confidence came in at 109.2 in November, up from 107.1 in October. As such, the index moved further above the 100-threshold, indicating optimism among businesses.

November’s improvement was chiefly driven by returning optimism over firms’ assessment of their finished-goods inventory, as well as easing pessimism with regards to their overall and foreign order books. On top of this, companies’ production expectations turned rosier over the previous month. Less positively, however, firms turned less optimistic regarding their past production.

FocusEconomics Consensus Forecast panelists see fixed investment expanding 4.0% in 2022, which is down 0.2 percentage points from last month’s forecast, and 2.7% in 2023.


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France Business Confidence Chart

France Business Confidence November 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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