France's business climate indicator in industry stood at 102 in September 2019, unchanged from the previous month and in line with market expectations. The balance of opinion on overall order books (-11 vs -13 in August) increased further from its lowest level over four years hit in July; and that on export books (-9 vs -10) rose again after reaching a five-year low in June. Manufacturers were more optimistic on the general production prospects for the sector as a whole (4 vs 2), while their opinion on personal production expectations (6 vs 9) and on past activity (4 vs 5) deteriorated. As regards employment, the balance of opinion on past workforce size has bounced back (2 vs 0) while the one on expected workforce size increased a bit again (0 vs -1). Business Confidence in France averaged 100.06 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 101.00 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 107.00 Index Points in 2020, according to our econometric models.