Manufacturing Business Confidence in France

INSEE · Monthly · Importance

105.3 (Oct-26) ABS · balance (mean 100) · Monthly · CSV

Period	balance (mean 100)
Oct 2026	105.3
Sep 2026	101.3
Aug 2026	101.2
Jul 2026	101.1
Jun 2026	100.2
May 2026	102.2
Apr 2026	100.2
Mar 2026	99.7
Feb 2026	101.8
Jan 2026	104.9
Dec 2025	101.9
Nov 2025	98.2
Oct 2025	100.8
Sep 2025	96.9
Aug 2025	97.6
Jul 2025	96.0
Jun 2025	96.6
May 2025	97.1
Apr 2025	99.9
Mar 2025	96.8
Feb 2025	97.4
Jan 2025	95.6
Dec 2024	96.5
Nov 2024	96.3
Oct 2024	92.5
Sep 2024	98.5
Aug 2024	99.9
Jul 2024	96.1
Jun 2024	99.7
May 2024	99.7
Apr 2024	100.2
Mar 2024	102.9
Feb 2024	101.2
Jan 2024	99.3
Dec 2023	98.8
Nov 2023	99.0
Oct 2023	98.8
Sep 2023	97.9
Aug 2023	97.3
Jul 2023	101.4
Jun 2023	101.0
May 2023	99.2
Apr 2023	100.9
Mar 2023	103.6
Feb 2023	103.5
Jan 2023	102.6
Dec 2022	101.0
Nov 2022	101.6
Oct 2022	103.4
Sep 2022	101.7
Aug 2022	103.9
Jul 2022	106.0
Jun 2022	108.7
May 2022	107.4
Apr 2022	108.4
Mar 2022	107.8
Feb 2022	111.9
Jan 2022	112.8
Dec 2021	108.5
Nov 2021	110.2

Period	balance (mean 100)
Oct 2026	4.0
Sep 2026	0.1
Apr 2026	0.5
Mar 2026	-2.1
Feb 2026	-3.1
Jan 2026	3.0
Mar 2025	-0.6
Feb 2025	1.8
Jun 2024	0.0
May 2024	-0.5
Nov 2023	0.2
Oct 2023	0.9
Aug 2023	-4.1
Jul 2023	0.4
Jun 2023	1.8
May 2023	-1.7
May 2021	4.0
Apr 2021	5.3
Aug 2020	9.9
Jul 2020	3.4
Jun 2020	6.8
May 2020	3.3
Nov 2019	2.7
Oct 2019	-2.2
May 2018	-0.9
Apr 2018	0.1
Apr 2017	3.3
Mar 2017	-1.2
Apr 2016	2.2
Mar 2016	-0.5
Nov 2014	1.6
Sep 2014	0.2
Jul 2014	0.1
Jun 2014	-2.0
Apr 2013	-3.0
Mar 2013	-0.2
Mar 2012	1.7
Feb 2012	0.2
Dec 2011	-3.0
Nov 2011	0.2
Jan 2011	4.7
Nov 2010	-2.2
Oct 2009	1.4
Sep 2009	2.8
Apr 2009	4.2
Mar 2009	-2.3
Feb 2009	-4.2
Jan 2009	-0.3
Dec 2008	-6.8
Oct 2008	-4.8
Oct 2007	-0.7
Sep 2007	-0.5
Sep 2005	-0.7
Aug 2005	-0.6
Jan 2002	1.1
Dec 2001	1.4
Mar 1999	-5.2
Feb 1999	0.2
Jul 1996	-0.5
Jun 1996	0.4

Period	balance (mean 100)
Oct 2026	4.5
Sep 2026	4.4
Mar 2026	2.9
Feb 2026	4.4
Jan 2026	9.3
May 2025	-2.6
Feb 2025	-3.8
Oct 2024	-6.3
Jul 2024	-5.3
Oct 2023	-4.6
Jul 2023	-4.6
May 2023	-8.2
Apr 2022	5.1
Jul 2021	28.8
May 2021	37.0
Apr 2021	36.3
Oct 2020	-6.5
Jul 2020	-20.5
May 2020	-33.8
Oct 2019	-4.7
Apr 2019	-9.5
Apr 2018	2.3
Mar 2018	5.5
Mar 2016	3.6
Oct 2015	6.0
Sep 2015	7.9
Jun 2015	4.1
Oct 2014	-0.4
Sep 2014	1.0
Jun 2014	3.6
Mar 2014	10.5
Mar 2013	-6.4
Feb 2013	-4.5
Nov 2012	-6.1
Feb 2012	-11.6
Dec 2011	-9.2
Dec 2010	18.0
Nov 2010	15.4
Sep 2010	20.0
Mar 2010	24.3
Jan 2010	16.6
Nov 2009	6.6
Oct 2009	-3.2
Sep 2009	-9.4
Mar 2009	-44.8
Jan 2009	-38.7
Nov 2008	-33.5
Oct 2008	-23.5
Sep 2008	-19.4
Sep 2007	2.6
Aug 2006	9.6
Aug 2005	-5.7
Dec 2002	8.5
Dec 2001	-22.2
Feb 2000	16.4
Feb 1999	-11.5
Jun 1997	13.2
Jun 1996	-12.5
Aug 1994	34.8
Jul 1994	33.3

About this indicator

Source

National Institute For Statistics And Economics Studies (INSEE)

Frequency

Monthly

Release

At the end of the month it refers to.

What it is

A monthly INSEE survey of managers in French manufacturing about current conditions and the outlook for their activity (output, demand, stocks, prices and expectations). The synthetic industrial business-climate indicator summarises those responses.

How it's calculated

From the responses (better, unchanged or worse), each balance is calculated as the difference between the shares of positive and negative answers. The business climate is built by combining those balances and is normalised around a mean of 100.

Market implications

It is a leading indicator of the French industrial cycle and comparable with surveys elsewhere in Europe; a reading above 100 points to conditions better than the historical average. It helps to anticipate industrial output and the pace of growth.

Limitations

It is best read for its trend rather than a single level, since it measures perceptions rather than actual output; it also covers manufacturing only and can diverge from the hard production data.