France Business Climate Indicator at 5-Month Low

France's business climate indicator dropped to 94 in December 2024, down from 96 in November, marking its weakest level since July.

The decline was driven primarily by a drop in forward-looking opinions on demand and activity.

Sentiment deteriorated across sectors, including retail (96 vs. 98 in November), services (96 vs. 98), and construction (98 vs. 99), with construction sentiment falling to its lowest level since July 2020.

Meanwhile, the business climate in the manufacturing sector remained stable at 97 but stayed below its long-term average of 100.