France: Confidence among French firms rebounds in April; enters optimistic territory
April 23, 2015
The monthly business sentiment index published by the National Statistical Institute (INSEE) rebounded from March’s 99 points to 101 points in April. The reading overshot the 100 points the markets had expected. The figure marked the first time in almost one year that the indicator has been over the long-term 100-point average, the benchmark measure the INSEE uses to distinguish between improving and worsening business expectations.
April’s increase reflected that businesses were more optimistic regarding general production expectations, their inventories and past activity. Respondents to the April survey also signaled less pessimism regarding global order books compared to last month. Conversely, firms’ assessment regarding personal production expectations deteriorated over the previous month.
Author: Eric Denis , Economist