Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Business Climate Indicator climbed to 97 in October 2026
FMPMonthlyReleased October 2026
France Business Climate Indicator climbed to 97 in October 2026, up 1 from September's 96 reading. The reading matched the 96 consensus. Over the past 3 months, Business Climate Indicator averaged 97, vs 95 in the prior 3-month window. The reading is in the 74th percentile of the trailing 24-month range.
Latest Release
97
Actual
96
Consensus
96
Previous
Median Absolute Error
±1.63
across last 12 releases
Last Call
Oct 2026
Predicted: 95.5
Actual: 97
Error: -1.5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/JPY | ▼ Inverse | −0.55 | FOREX | Moves against | → View |
| EUR/GBP | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| Euro STOXX 50 | ▼ Inverse | −0.39 | INDEX | Moves against | → View |
| CAC 40 | ▼ Inverse | −0.38 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.29 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Business Climate Indicator (France) was reported at 97.00 in October 2026. This beat the market consensus of 96.00 by 1.00. The reading rose from the previous value of 96.00. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 96.70, ranging from 94.00 to 99.00 across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 97.00, up from the prior three at 95.00. Volatility over the past year (σ 1.55) is higher than the prior year (σ 0.76). In October readings over the past 3 years, Business Climate Indicator has averaged 97.00.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/JPY (Bearish EUR). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.63.
WHAT TO WATCH NEXT
The next release is scheduled for November 20, 2026. Same-country events in the next 14 days include Industrial Production MoM (Nov 5) and Balance of Trade (Nov 6).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
SHARE
Business Climate Indicator - FR
Loading chart data...
About Business Climate Indicator — France
DEFINITION
The Business Climate Indicator is a key financial metric used to assess the overall health and outlook of a particular business sector or economy. It takes into account various factors such as consumer confidence, market trends, and business performance to provide a comprehensive picture of the current business environment. This indicator is often used by investors, policymakers, and businesses to make informed decisions and predictions about future economic conditions. A high Business Climate Indicator typically indicates a favorable business environment, while a low indicator may suggest potential challenges or risks.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual 97, consensus 96. Prior reading (Sep 2026): 96. Before that (Aug 2026): 98.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with EUR/JPY (Bearish EUR, r=-0.55) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - FR Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | FR | GDP Growth Rate QoQ | -0.1 | 0 | 0.1 | 0.00 | High |
| 06:30 | FR | GDP Growth Rate YoY | -0.1 | 0.5 | 0.3 | 0.10 | High |
| 06:30 | FR | Household Consumption MoM | -0.5 | -0.5 | 0.1 | -0.20 | Low |
| 06:30 | FR | Consumer Spending MoM | -0.5 | -0.5 | 0.1 | -0.20 | Medium |
| 07:45 | FR | Producer Price Index MoM | 1.7 | 1 | 0.5 | 0.75 | Low |
| 07:45 | FR | Inflation Rate MoM | 0.4 | -0.3 | 0.2 | 0.33 | Medium |
| 07:45 | FR | Harmonised Inflation Rate MoM | 0.4 | -0.3 | 0.3 | 0.40 | Low |
| 07:45 | FR | Harmonised Inflation Rate YoY | 3.8 | 3.4 | 3.6 | 3.73 | Low |
| 07:45 | FR | Producer Price Index YoY | 6.8 | 4.9 | 5.4 | 5.73 | Low |
| 07:45 | FR | Non-Farm Payrolls QoQ | -0.1 | -0.1 | -0.1 | -0.10 | Low |
| 07:45 | FR | Inflation Rate YoY | 3.4 | 3.1 | 3.2 | 3.33 | High |