法国商业环境继续努力迎接新的一年。在1月份的99（未经四舍五入的99.3）读数之后，法国商业信心在2月份下降了约2个百分点，至97（未经五舍五入为97.4）。这削弱了人们对复苏的乐观情绪，这是自去年10月以来最低的估计。

French business climate continues to struggle to start the new year.French business confidence fell roughly two points in February to 97 (unrounded 97.4) after the 99 (unrounded 99.3) reading in January. This puts a dent in the recovery optimism with this being the weakest estimate since October last year.

2月份法国制造业商业环境比预测低102（104）。2月份法国制造业商业环境比预测低102（104）

France Business Climate in Manufacturing came in at 102 below forecasts (104) in February.France Business Climate in Manufacturing came in at 102 below forecasts (104) in February

随着出口反弹，2025年法国贸易逆差进一步缩小。在某种情况下，法国的贸易逆差在2022年整个俄乌冲突中达到最高点后，仍处于复苏状态。这使得能源进口价格比2021年上涨了近一倍，导致贸易逆差为161.7欧元。

French trade deficit narrows further in 2025 as exports rebound.For some context, the French trade deficit is still on recovery mode after having hit its highest point in 2022 amid the whole Russia-Ukraine conflict. That drove up import prices for energy by almost double compared to 2021, resulting in a trade deficit of €161.7.

法国HCOB 1月份制造业PMI高于预测（51）：实际（51.2）。法国HCOB 1月份制造业PMI高于预测（51）：实际（51.2）

France HCOB Manufacturing PMI above forecasts (51) in January: Actual (51.2).France HCOB Manufacturing PMI above forecasts (51) in January: Actual (51.2)