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The French business climate is stable in January 2015

French business climate and turning point indicators – January 2015

The business climate is stable

In January 2015, the business climate indicator, compiled from the answers of business managers in the main sectors, has stayed at the same level than in November and December (94), below its long-term average (100). The business climate in France is stable in manufacturing and services, while building construction has lost one point and the wholesale trade has lost two points. Only the retail trade has gone up (+8 points).

The turning point indicator stays in the favorable area

The overall turning point indicator stays in the favourable area.

Business climate and turning point indicators
Source(s): INSEE, Business tendency surveys
Sept. 14 Oct. 14 Nov. 14 Dec. 14 Jan. 15
Composite indicators
France 91 92 94 94 94
Manufacturing 96 98 99 99 99
Wholesale trade 91 - 96 - 94
Building construction 88 86 89 89 88
Retail trade 90 90 96 95 103
Services 92 93 93 92 92
Turning point indicators
France –1.0 –1.0 0.8 1.0 0.9
Manufacturing –0.1 –0.1 0.1 0.2 0.4
Wholesale trade –0.9 - 0.6 - 0.8
Building construction –1.0 –0.8 –0.1 0.0 –0.9
Services 1.0 0.5 0.8 1.0 0.9

Composite indicator

Composite indicator

Turning point indicator

Turning point indicator

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

Informations Rapides

n° 13 - January 23, 2015

Business climate indicator and turning point indicator - January 2015

Next issue February 24, 2015 08:45 - February 2015

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