France’s overall business climate indicator fell to 97 in February 2026, the lowest level since late October, from 99 in January, moving further below its long-term average of 100. Manufacturing confidence dropped to 102 from 105, returning to its December level but remaining above average, as balances for past and expected production and overall order books deteriorated. Services sentiment also weakened, with the indicator falling to 95 from 98, as all subsectors contributed to the decline. Retail trade and motor vehicle repair edged down to 98 from 99, drifting further below average. Meanwhile, the business climate in building construction was unchanged at 97, remaining below its long-term norm. The employment climate deteriorated further, slipping to 93 from 94 and staying well below average, largely due to weaker hiring expectations in services excluding temporary work agencies. source: INSEE, France

Business Climate Indicator in France decreased to 97 points in February from 99 points in January of 2026. Business Climate Indicator in France averaged 100.05 points from 1977 until 2026, reaching an all time high of 121.00 points in December of 1999 and a record low of 46.00 points in April of 2020. This page provides - France Business Climate Composite Indicator- actual values, historical data, forecast, chart, statistics, economic calendar and news. France Business Climate Composite Indicator - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Business Climate Indicator in France decreased to 97 points in February from 99 points in January of 2026. Business Climate Indicator in France is expected to be 98.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Business Climate Composite Indicator is projected to trend around 103.00 points in 2027 and 101.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-23 07:45 AM
Business Climate Indicator
Jan 99 99 99
2026-02-24 07:45 AM
Business Climate Indicator
Feb 97 99 99
2026-03-26 07:45 AM
Business Climate Indicator
Mar 97 98


Related Last Previous Unit Reference
Business Climate Indicator 97.00 99.00 points Feb 2026
Business Confidence 102.00 105.00 points Feb 2026
Capacity Utilization 76.59 76.46 percent Jan 2026
Changes in Inventories -6322.00 -500.00 EUR Million Dec 2025
Industrial Production 1.70 2.10 percent Dec 2025
Industrial Production MoM -0.70 0.10 percent Dec 2025
Manufacturing Production 2.10 2.20 percent Dec 2025
Mining Production -9.20 -7.10 percent Dec 2025
New Orders -11.10 -16.50 points Jan 2026


France Business Climate Composite Indicator
In France, the Business Climate Composite Indicator summarizes the information provided by the surveys in manufacturing, services, trade (retail and wholesale), and construction. The business climate is built from 26 balances of opinion from these surveys.
Actual Previous Highest Lowest Dates Unit Frequency
97.00 99.00 121.00 46.00 1977 - 2026 points Monthly
NSA

News Stream
France Business Climate Weakens in February
France’s overall business climate indicator fell to 97 in February 2026, the lowest level since late October, from 99 in January, moving further below its long-term average of 100. Manufacturing confidence dropped to 102 from 105, returning to its December level but remaining above average, as balances for past and expected production and overall order books deteriorated. Services sentiment also weakened, with the indicator falling to 95 from 98, as all subsectors contributed to the decline. Retail trade and motor vehicle repair edged down to 98 from 99, drifting further below average. Meanwhile, the business climate in building construction was unchanged at 97, remaining below its long-term norm. The employment climate deteriorated further, slipping to 93 from 94 and staying well below average, largely due to weaker hiring expectations in services excluding temporary work agencies.
2026-02-24
France Business Climate Steady in January
France’s business climate indicator remained at 99 in January 2026, unchanged from December, just below its long-term average of 100. The improvement in manufacturing supported the overall climate, with the index rising to 105 (vs 102 in December), the highest level since July 2022. Views for wholesale trade also rebounded to 100 (vs 98), returning to its long-term average for the first time since November 2022, as past export sales and ordering intentions strengthened. Services remained stable at 98, below average, with business leaders’ expectations for activity and demand unchanged. Building construction also held steady at 97, below average, with past and expected activity stable. In contrast, retail trade and motor vehicle repair fell to 99 (vs 104), reversing most of December’s sharp rise and reflecting weaker ordering intentions. The employment climate slipped to 93 (vs 95), driven by weaker past and expected workforce size in services.
2026-01-23
France Business Climate Nears Two-Year High
France’s business climate indicator rose to 99 in December 2025 from 98 in November, the highest level since February 2024, but remained below its long-term average of 100. The improvement was driven by a sharp rebound in retail trade and motor vehicle repair, where the index jumped to 104 (vs 97 in November), supported by stronger ordering intentions, and by manufacturing, which climbed to 102 (vs 98), returning above its long-term average amid better past production and firmer order books, particularly in other transport equipment. Confidence also edged higher in building construction to 96 (vs 95), though it stayed below average, while the services index was unchanged at 98, with gains concentrated in corporate services. In contrast, the employment climate slipped to 95 from 96, reflecting weaker expectations for future workforce size in services.
2025-12-18