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2025-12-18 16:25:20
[France's Business Climate Index Rises to Nearly Two-Year High in December] ⑴ France's business climate index rose to 99 in December 2025 from 98 in November, the highest level since February 2024, but still below its long-term average of 100. ⑵ The improvement was mainly driven by a strong rebound in retail trade and motor vehicle repair, with the index jumping to 104, and manufacturing rising to 102. ⑶ The improvement in retail and motor vehicle repair benefited from stronger order intentions, while manufacturing rebounded above its long-term average due to improved past production conditions and a more solid order book (particularly in other transport equipment sectors). ⑷ Construction confidence rose slightly to 96, but remained below average; the services index held steady at 98, with growth concentrated in the business services sector. ⑸ In contrast, the employment climate index fell from 96 to 95, reflecting a weakening expectation in the services sector for future labor force size.
