2025.09.1906:59:46UTC+00France Business Climate Indicator Remained Stable

In September 2025, the business climate indicator for France remained unchanged at 96 for the fourth consecutive month, continuing to sit below the long-term average of 100 since August of the previous year. The service sector displayed improved sentiment, with the composite indicator increasing to 98 after a period of stability, largely due to a resurgence in information and communications. The wholesale trade sector also experienced a slight uptick to 98, marking its highest level since March 2023, driven by stronger foreign deliveries and ordering intentions. In the construction sector, conditions remained generally stable at 98, as contractors noted improved past activity, though expectations weakened. Conversely, the industry sector slipped to 96, indicating softer orders and past production, despite a slight improvement in production prospects. Furthermore, the retail and automotive trade sectors declined further to 92, the lowest level since April 2022, as both sales and outlook worsened, although the automotive sector did witness a modest recovery.