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The French business climate is virtually stable in June 2015

French business climate and turning point indicators – June 2015

The business climate is virtually stable

In June 2015, the business climate indicator is virtually stable.

After a rise by two points in May, the composite indicator, compiled from the answers of business managers in the main sectors, has lost one point. It still lies below (97) its long-term average (100). The business climate indicator has risen by two points in building construction, is stable in services and retail trade but has lost three points in manufacturing.

The turning point indicator is in the uncertainty area

The global turning point indicator is in the area indicating an uncertain short-term economic outlook. The turning point indicator also stays in the uncertain area in the services sector; the remaining indicators are now in the favorable area.

French business climate composite indicator

French business climate composite indicator

Business climate and turning point indicators

Turning point indicator

Turning point indicator

Close to +1 (resp. -1): favourable business climate (unfavourable)

Source(s) : INSEE, Business tendency surveys
Feb. 15 March 15 April 15 May 15 June 15
Composite indicators
France 94 96 96 98 97
Manufacturing 100 99 102 103 100
Wholesale trade - 97 - 101 -
Building construction 89 89 88 89 91
Retail trade 101 104 104 106 106
Services 92 93 92 95 95
Turning point indicators
France 0,0 0,4 0,2 0,3 0,2
Manufacturing 0,4 0,5 0,6 0,4 0,3
Wholesale trade - 0,9 - 0,9 -
Building construction –0,4 0,0 –0,1 0,1 0,9
Services –0,8 –0,7 –0,6 0,6 0,3

Revisions

The business climate of May 2015 in France and this in services sector have been revised upward by one point since their first estimate last month. This revision comes from late answers which have been taken into account.

Informations Rapides

n° 150 - June 23, 2015

Business climate indicator and turning point indicator - June 2015

Next issue July 22, 2015 08:45 - July 2015

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Since July 2009, display of the Informations Rapides has changed.