The French industrial sentiment indicator fell to 102 in March 2019 from 103 in the previous month and slightly below market expectations of 103. It was the weakest reading since November 2016, as the balance of opinion for the sector on past activity (6 from 9) and expected workforce size (2 from 3) deteriorated. Additionally, industrialists’ opinion on export order books fell further (-12 from -10) while overall order books was virtually stable (at -14, the same as in February). On the other hand, the balance of opinion on general production prospects (0 from -4) and personal production expectations (8 from 7) increased. Business Confidence in France averaged 100.03 Index Points from 1976 until 2019, reaching an all time high of 124 Index Points in June of 2000 and a record low of 66 Index Points in March of 2009.
Business Confidence in France is expected to be 102.00 Index 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 100.00 in 12 months time. In the long-term, the France Business Confidence is projected to trend around 107.00 Index Points in 2020, according to our econometric models.