FX.co ★ France Business Climate Indicator Steady in July

In July 2025, France's business climate indicator remained unchanged at 96 for the third consecutive month, marking the lowest point since February and situated below the long-term average of 100. Stability in sentiment was evident across various sectors: both construction and services maintained a level of 96. However, the manufacturing sector experienced a slight decrease in morale, slipping from 97 to 96, affected by reduced production levels and a decline in foreign order volumes. Confidence in the retail trade sector also declined to 98 from 99 due to weakened order intentions. Conversely, the wholesale trade sector emerged as a positive area, witnessing an increase in confidence to 97 from 94 in May, buoyed by stronger previous sales and improved foreign deliveries. Additionally, the employment climate experienced a modest decline to 97 from 98, primarily attributed to a decrease in staffing projections, particularly within services that do not include temporary roles.