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France Business Confidence

France's business confidence rose to 101 points in October 2025. This is a 4.4% increase from 96.7 points in September 2025 and the highest level since March 2024. Domestic demand and export prospects are key drivers of this sentiment. Geopolitical uncertainty and rising wages continue to pose challenges even as inflation declines. The European Commission expects economic activity to slow in 2025. This deceleration is anticipated despite private consumption growth supported by real wage increases as consumer confidence remains stagnant. France's record low business confidence was 66.9 points in April 2020 and record high was 114.1 points in January 2018.

Monthly Historical Data (2015-2025)

(in points)
Month Business Confidence (points)
Oct 2025 101
Sep 2025 96.7
Aug 2025 97.1
Jul 2025 96.1
Jun 2025 96.5
May 2025 97.2
Apr 2025 100
Mar 2025 96.7
Feb 2025 97.4
Jan 2025 96
Dec 2024 96.6
Nov 2024 96.2
Oct 2024 92.6
Sep 2024 98.3
Aug 2024 99.4
Jul 2024 96.2
Jun 2024 99.4
May 2024 99.8
Apr 2024 100.4
Mar 2024 102.8
Feb 2024 101.2
Jan 2024 99.6
Dec 2023 99
Nov 2023 98.7
Oct 2023 98.8
Sep 2023 97.9
Aug 2023 97
Jul 2023 101.5
Jun 2023 100.8
May 2023 99.5
Apr 2023 101.1
Mar 2023 103.6
Feb 2023 103.6
Jan 2023 102.9
Dec 2022 101.1
Nov 2022 101.4
Oct 2022 103.3
Sep 2022 101.6
Aug 2022 103.6
Jul 2022 106.1
Jun 2022 108.2
May 2022 107.5
Apr 2022 108.4
Mar 2022 107.7
Feb 2022 111.7
Jan 2022 113.1
Dec 2021 108.7
Nov 2021 110
Oct 2021 107.4
Sep 2021 106.5
Aug 2021 109.2
Jul 2021 109.5
Jun 2021 107.8
May 2021 107.8
Apr 2021 103.7
Mar 2021 98.3
Feb 2021 97
Jan 2021 96.1
Dec 2020 94
Nov 2020 91.4
Oct 2020 93.5
Sep 2020 93.4
Aug 2020 90.8
Jul 2020 81.2
Jun 2020 77.1
May 2020 70.8
Apr 2020 66.9
Mar 2020 97.7
Feb 2020 100.7
Jan 2020 102.9
Dec 2019 99.1
Nov 2019 102.4
Oct 2019 99.7
Sep 2019 101.9
Aug 2019 102.1
Jul 2019 101.1
Jun 2019 102.1
May 2019 104.3
Apr 2019 101.7
Mar 2019 103.8
Feb 2019 103.1
Jan 2019 103.6
Dec 2018 103.6
Nov 2018 105.2
Oct 2018 104.4
Sep 2018 107.4
Aug 2018 108.7
Jul 2018 108.7
Jun 2018 109.9
May 2018 110.4
Apr 2018 111.1
Mar 2018 111
Feb 2018 112.7
Jan 2018 114.1
Dec 2017 112.2
Nov 2017 111.8
Oct 2017 111.6
Sep 2017 111.3
Aug 2017 110.2
Jul 2017 108.8
Jun 2017 109.3
May 2017 108.8
Apr 2017 108.9
Mar 2017 105.6
Feb 2017 106.8
Jan 2017 106
Dec 2016 105.8
Nov 2016 102.2
Oct 2016 102.3
Sep 2016 103.5
Aug 2016 101.6
Jul 2016 101.8
Jun 2016 101.7
May 2016 104.3
Apr 2016 104.9
Mar 2016 102.7
Feb 2016 103.2
Jan 2016 103.1
Dec 2015 102.8
Nov 2015 102.3
Oct 2015 103.2

Recent Events

datetime event actual previous consensus
2025-10-23 02:45 AM Business Confidence (Oct) 101 97 96
2025-09-19 02:45 AM Business Confidence (Sep) 96 97 96
2025-08-22 02:45 AM Business Confidence (Aug) 96 96 96

Next Release Date :

France Business Confidence : Definition
France business confidence measures the general economic sentiment of French business managers surveyed monthly by INSEE. The index is calculated from the balance of opinions regarding production order books, employment and prices. A score over 100 signals optimism while a score under 100 indicates pessimism.
Indicator Last Value Prior Value Period
Manufacturing PMI 48.3 points 48.2 points Oct'25
Services PMI 47.1 points 48.5 points Oct'25