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Business climate in French manufacturing stable significantly above normal

Staff Writer |
According to the French business managers surveyed in July 2017, the business climate in industry is stable.

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At 109, it is significantly above its long-term average (100).

The turning-point indicator remains in the zone indicating a favourable economic outlook.

In July 2017, the balance of industrialists' opinion on their past activity is virtually stable while that on personal production expectations has slightly fallen back. However, both remain significantly above their normal level.

Furthermore, business managers are much more upbeat than in June on general production prospects for the sector. The corresponding balance has improved further and has reached its highest level since December 2000, significantly above its long-term average.

In July 2017, the balances of opinion on global and export order books are stable, significantly above normal.

Finally, almost as industrialists as in June consider that finished-goods inventories are below normal: the corresponding balance remains below its long-term average.