France’s overall business climate fell to 96 in September 2026 from 98 in the previous month and moving further below its long-term average of 100. The decline was driven mainly by retail trade, where the indicator dropped five points to 94, as order intentions, the overall business outlook and past sales assessments weakened. The services climate also edged down to 98 from 99, with demand, activity and expected staffing balances declining, while wholesale trade fell two points to 93 as past export sales and order intentions weakened. Meanwhile, the business climate in industry remained stable at 101, slightly above its long-term average, with stronger past and expected production offsetting weaker overall order books. Construction was also unchanged at 96, as improved views of past activity offset weaker business outlooks. The employment climate fell one point to 98. source: INSEE, France

Business Climate Indicator in France decreased to 96 points in September from 98 points in August of 2026. Business Climate Indicator in France averaged 100.04 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 September of 2026.

Business Climate Indicator in France decreased to 96 points in September from 98 points in August of 2026. Business Climate Indicator in France is expected to be 97.00 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 99.00 points in 2027 and 101.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-21 06:45 AM
Business Climate Indicator
Aug 98 97 98 96
2026-09-24 06:45 AM
Business Climate Indicator
Sep 96 98 98 97
2026-10-22 06:45 AM
Business Climate Indicator
Oct


Related Last Previous Unit Reference
Business Climate Indicator 96.00 98.00 points Sep 2026
Business Confidence 101.00 101.00 points Sep 2026
Capacity Utilization 76.42 76.57 percent Aug 2026
Changes in Inventories -2343.00 3691.00 EUR Million Jun 2026
Industrial Production -0.50 -0.10 percent Jul 2026
Industrial Production MoM -0.40 -0.10 percent Jul 2026
Manufacturing Production -2.00 -1.50 percent Jul 2026
Mining Production -4.00 -5.40 percent Jul 2026
New Orders -11.60 -12.30 points Aug 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
96.00 98.00 121.00 46.00 1977 - 2026 points Monthly
NSA

News Stream
France Business Climate Deteriorates in September
France’s overall business climate fell to 96 in September 2026 from 98 in the previous month and moving further below its long-term average of 100. The decline was driven mainly by retail trade, where the indicator dropped five points to 94, as order intentions, the overall business outlook and past sales assessments weakened. The services climate also edged down to 98 from 99, with demand, activity and expected staffing balances declining, while wholesale trade fell two points to 93 as past export sales and order intentions weakened. Meanwhile, the business climate in industry remained stable at 101, slightly above its long-term average, with stronger past and expected production offsetting weaker overall order books. Construction was also unchanged at 96, as improved views of past activity offset weaker business outlooks. The employment climate fell one point to 98.
2026-09-24
France Business Climate Improves Again
France’s overall business climate improved for a third month in a row to 98 in August 2026 from 95 in the previous month, reaching its highest level since March and moving closer to its long-term average of 100. Retail trade saw the largest gain, with its climate indicator rising to 99 from 96, almost reaching its long-term average, supported by stronger ordering intentions and assessments of past sales. Manufacturing sentiment also strengthened (103 vs 101), mainly due to a sharp improvement in personal production prospects. The services climate edged up to 100 from 99, reaching its long-term average as assessments of past and future activity and expected demand improved. Meanwhile, the building construction climate remained unchanged at 96, below its long-term average, as improved expectations for future activity offset stable assessments of past activity. The employment climate was unchanged at 99.
2026-08-21
France Business Climate Hits 4-Month High
France’s overall business climate improved to 97 in July 2026 from 95 in the previous month, reaching its highest level since March, though it remained below its long-term average of 100. The pickup was driven by retail trade, where the climate indicator climbed to 99 from 91, supported by a sharp improvement in ordering intentions and the general business outlook. The services climate also strengthened to 98 from 96, as conditions improved across all service sectors except information and communication. Additionally, manufacturing sentiment edged up to 101 from 100, supported by more favorable assessments of past production and global order books. Meanwhile, wholesale trade sentiment eased to 95 amid weaker views on past sales, including exports. The construction climate held steady at 95, as slightly weaker expectations for future activity offset improved assessments of past activity. At the same time, the employment climate remained steady at 98, following its rebound in June.
2026-07-23