Tocked but not sunk. Burial for three years in several uncertainties, French companies show resistance, some even with the hope of a resumption of the activity at the end of the year, show the studies published this month.
The latest semiannual survey of Bpifrance Le Lab, with more than 4,700 TPE-PME leaders, is titled “Stabilization”.
The activity prospects for the end of the year earn 15 points to +22 among SMEs with more than 100 employees, who anticipate a 2.7 % increase in turnover in 2025.
Exporting and innovative companies also show more favorable perspectives: the opinions of the leaders of these companies have become positive in terms of a resumption of activity at the end of 2025.
“Deliver but positive”
However, the survey was carried out before Donald Trump announced on Saturday wanting to tax European products to 30% from August 1.
The tasks of US customs, already 10% since April, and the uncertainty linked to President Trump’s swerry on this issue weighs in sectors such as the food industry, in particular viticulture, chemistry or engineering, according to the monthly June conjunction survey by the Banking of France: 6% of French companies say they are affected.
However, the survey shows a better activity in June. It is explained by a revival after the three May Long bridges, but also exceeds the expectations of business leaders, especially in industry, market services and construction.
And the latter anticipates a new progression in July.
This was 0.1% in the first quarter. The institution anticipates 0.1% also in the second quarter and 0.6% for the year.
Another sign of a little better possible: commercial failures, rising sharply from 2023, stabilizes, although at a high level.
According to altars, 16,586 procedures were recorded in the second quarter, but the increase compared to 2024 is limited to 1.3%, “far from +23% of a year.”
65,000 jobs are threatened by these failures, a 6.5% drop for a year.
Failure reflux in June
“The trend is even more remarkable, underlines altars, if we follow the details months a month: after April again in El Red, (the month of) can stop the increase, and June confirmed the reflux.”
In fact, the French feed on the economy, with a savings rate of 18.8% in the first quarter, a 45 -year record (excluding the health crisis).
With respect to companies, the Banking of France analyzed 2024 fiscal documents of 1.6 million SME and ETI (intermediate size companies) and offers a worldwide reassination diagnosis: they approach 2025 with solid foundations, “resistant margins, decrease in debt, stable effective.”
However, the Tickets of the French Central Bank, a “slight degradation” of its refund capacity and believes that the most fragile can find difficulties.
And in accordance with a survey conducted by the SDI (Syndendes Independents), the moral of very small companies is fragile: 86% of managers have a negative state and 54% note a fall in turnover in the second quarter, which is better than in the first quarter, where 69% declared such a fall.
Source: BFM TV
