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Add TN as a preferred source on GoogleAccording to INSEE, in September 2026, France’s composite business climate indicator, calculated based on responses from business leaders in the main market-oriented sectors, deteriorated. At 96, it fell by two points, moving further below its long-term average of 100. The employment climate indicator fell by one point.
France’s composite business climate indicator moved further away from its long-term average of 100. The business climate indicator was stable in industry and construction. It deteriorated sharply in retail trade, and more moderately in services and wholesale trade.
The business climate deteriorated sharply across the retail trade and motor vehicle trade and repair sectors.
According to INSEE, this deterioration was mainly due to a decline in the balance of opinion regarding order-book intentions and, to a lesser extent, declines in the balances relating to general business activity expectations and past sales trends.
The business climate deteriorated sharply in retail trade, excluding the automotive sector. The business climate was stable in industry. Opinion balances relating to past and expected production increased, while the balance relating to overall order books declined.
The business climate also deteriorated in services and wholesale trade.
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