France Confiance Des Entreprises

France’s manufacturing business climate indicator rose to 101 in October 2025 from 97 in September, moving above its long-term average of 100 for the first time since early March 2024. The improvement reflected easing pessimism in order books (-16 vs -22 in September) and foreign orders (-5 vs -16), both reaching their highest levels since March 2024. Personal production prospects surged to 18 (vs 8), the strongest since February 2022, while general production prospects also improved (-11 vs -13). Finished-goods inventories rose again to 18 (vs 16), remaining above average, and economic uncertainty held steady at 31. Workforce levels were broadly stable, while selling price expectations rebounded to 4 (vs 2). Conversely, past production weakened further (-13 vs -7), its lowest since October 2024. By sector, confidence strengthened sharply in transport equipment and machinery and equipment goods, softened in food and beverages, and improved slightly in other manufacturing.