In France, Business Confidence measures industrial entrepreneurs’ sentiment about the current business situation and expectations for future conditions. The index is derived from a survey of around 4,000 enterprises in the manufacturing and mining industries, with readings above 110 indicating high optimism and below 90 indicating high pessimism. This indicator is monitored as a measure of economic health and can provide insight into future business investment and economic growth.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.