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The French business climate is improving in May 2015

French business climate and turning point indicators – May 2015

The business climate is improving

In May 2015, the business climate indicator is improving.

The indicator, compiled from the answers of business managers in the main sectors, has gained one point, after being stable in April. It still lies below (97) its long-term average (100). The business climate indicator has improved in every sector: by four points in wholesale trade, by two points in retail trade and services, and by one point in building construction and manufacturing.

The turning point indicator has returned into the favorable area

The global turning point indicator has improved and has returned into the favorable area. The turning point indicator stays in the uncertain area in the building construction sector; the remaining indicators are now in the favorable area.

Business climate and turning point indicators
Source(s): INSEE, Business tendency surveys
Jan. 15 Feb. 15 March 15 April 15 May 15
Composite indicators
France 94 94 96 96 97
Manufacturing 100 100 99 102 103
Wholesale trade 95 - 97 - 101
Building construction 88 89 89 88 89
Retail trade 103 101 104 104 106
Services 92 92 93 92 94
Turning point indicators
France 0,0 0,0 0,4 0,2 0,4
Manufacturing 0,5 0,4 0,5 0,6 0,4
Wholesale trade 0,8 - 0,9 - 0,9
Building construction –0,9 –0,4 0,0 0,0 0,2
Services –0,8 –0,8 –0,7 –0,6 0,6

Composite indicator

Composite indicator

Turning point indicator

Turning point indicator

Close to +1 (resp. -1): favorable business climate (unfavorable)

Informations Rapides

n° 120 - May 22, 2015

Business climate indicator and turning point indicator - May 2015

Next issue June 23, 2015 08:45 - June 2015

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