The industrial confidence indicator in France increased to 100 in January 2020 from a downwardly revised reading of 98 in December 2019 but below market expectations of 101. The industrialists' opinion on past production is stable, largely below its long-term average (0 vs -1 in December) and that on personal production prospects rose, above its long-term average (6 vs 4). In addition, the opinion on overall order books recovered slightly, after deterioration in December (-16 vs -18) and that on foreign order books has also strengthened a little (-15 vs -16). However, the balance on general production prospects is stable, above its long-term average (-5 vs -5). Considering employment, the balance of opinion on past increased slightly (-1 vs -2) and expected variations is table (0 vs 0). Business Confidence in France averaged 100.05 points from 1976 until 2020, reaching an all time high of 124 points in June of 2000 and a record low of 66 points in March of 2009. source: INSEE, France
Business Confidence in France is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in France to stand at 105.00 in 12 months time. In the long-term, the France Business Confidence is projected to trend around 107.00 points in 2020, according to our econometric models.