The French industrial sentiment indicator edged up to 105 in November 2018 from a near two-year low of 104 in the previous month and above market expectations of 104. The balance of industrialists' opinion on their past activity increased sharply (11 vs 6 in October) and that on their personal production expectations also improved (14 vs 10). Yet, manufacturers were less optimistic about the general production prospects for the sector (4 vs 7) as they reported again less filled export orders books (-10 vs -7). As regards employment, the balance of opinion on past workforce size has slightly decreased again (-2 vs 0), while that on expected workforce size was stable (at 0). Business Confidence in France averaged 100.04 Index Points from 1976 until 2018, 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 105.00 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 104.00 in 12 months time. In the long-term, the France Business Confidence is projected to trend around 101.00 Index Points in 2020, according to our econometric models.