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In April 2016, the French business climate is stable

French business climate and turning point indicators – April 2016

The French business climate is stable

In April 2016, the business climate indicator is stable. The composite indicator, compiled from the answers of business managers in the main sectors, stands at 101, one point above its long-term average (100). It has gained two points in manufacturing and building construction, whereas it lost one point in services and two points in retail trade.

French business climate composite indicator

French business climate composite indicator

The turning point indicator is in the uncertainty area

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

Business climate and turning point indicators
Source: INSEE, Business tendency surveys
Dec. 15 Jan. 16 Feb. 16 March 16 April 16
Composite indicators
France 101 102 101 101 101
Manufacturing 103 103 103 102 104
Wholesale trade - 101 - 102 -
Building construction 92 93 92 92 94
Retail trade 104 105 101 104 102
Services 98 100 100 99 98
Turning point indicators
France 0.6 0.8 0.8 –0.2 0.1
Manufacturing 0.1 0.6 0.4 –0.2 0.1
Wholesale trade - –0.9 - 0.0 -
Building construction 0.2 0.4 0.5 0.5 0.8
Services –0.3 0.1 0.3 –0.3 –0.4

Turning point indicator

Turning point indicator

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

Revisions

Since its first estimate, the business climate in manufacturing and in France in March 2016 has been revised upward by one point. Those revisions are due to late answers from businesses that have been taken into account.

Informations Rapides

n° 105 - April 21, 2016

Business climate indicator and turning point indicator - April 2016

Next issue May 24, 2016 08:45 - May 2016

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