France: Business confidence improves in December
Business confidence rose to 111.3 in December from November’s 109.5. December’s result marked the strongest sentiment since February 2018. As such, the index moved further above the 100-threshold, indicating optimism among businesses.
December’s improvement was largely driven by an improvement in firms’ assessment of past production, as well as returning optimism with regards to finished-goods inventory. Moreover, companies’ personal and general production expectations rose, while they turned more optimistic with regards to expected workforce size.