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In July 2016, the French business climate improves

French business climate and turning point indicators – July 2016

The French business climate has improved

In July 2016, the business climate indicator has improved. The composite indicator, compiled from the answers of business managers in the main sectors, has gained two points and has returned to its level of May. At 102, it stands slightly above its long-term average (100). The climate has gained one point in manufacturing and building construction, two points in wholesale trade and three points in retail trade and services.

French business climate composite indicator

French business climate composite indicator

Revisions

Compared to its first estimate, the business climate in France is unchanged.

Business climate and turning point indicators
Source: INSEE, Business tendency surveys
March 16 April 16 May 16 June 16 July 16
Composite indicators
France 101 101 102 100 102
Manufacturing 102 105 104 102 103
Wholesale trade 100 - 102 - 104
Building construction 92 95 95 95 96
Retail trade 100 99 104 102 105
Services 100 99 101 98 101
Turning point indicators
France –0,3 0,0 0,1 –0,7 0,4
Manufacturing –0,2 0,1 0,0 –0,4 0,0
Wholesale trade –0,3 - 0,2 - 0,5
Building construction 0,5 0,9 0,9 –0,1 0,7
Services 0,4 0,3 0,8 –0,5 0,2

Turning point indicator

Turning point indicator

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

The turning point indicator for the French economy as a whole is in the area showing a favourable short-term economic outlook.

Informations Rapides

n° 191 - July 21, 2016

Business climate indicator and turning point indicator - July 2016

Next issue August 25, 2016 08:45 - August 2016

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