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The French business climate has improved slightly in July 2015

French business climate and turning point indicators – July 2015

The business climate has improved slightly

In July 2015, the business climate indicator has improved slightly.

The composite indicator, compiled from the answers of business managers in the main sectors, has increased by one point. At its highest level since the summer 2011, it is very close (99) to its long-term average (100). The business climate indicator has risen by two points in manufacturing and services and by one point in wholesale trade. It is stable in retail trade and has lost one point in building construction.

The turning point indicator is in the favourable area

The global turning point indicator is in the area indicating a favourable short-term economic outlook.

French business climate composite indicator

French business climate composite indicator

Turning point indicator

Turning point indicator

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

Business climate and turning point indicators
Source(s) : INSEE, Business tendency surveys
March 15 April 15 May 15 June 15 July 15
Composite indicators
France 96 96 98 98 99
Manufacturing 99 102 103 100 102
Wholesale trade 97 - 102 - 103
Building construction 89 89 89 91 90
Retail trade 104 104 106 106 106
Services 93 92 95 95 97
Turning point indicators
France 0,4 0,3 0,3 0,3 0,8
Manufacturing 0,5 0,6 0,4 0,3 0,6
Wholesale trade 0,9 - 0,9 - 1,0
Building construction 0,0 –0,1 0,1 0,8 0,5
Services –0,7 –0,6 0,6 0,4 0,6

Revisions

Since its first estimate, the business climate in France has been revised upward by one point in June 2015. This revision comes from late answers which have been taken into account.

Informations Rapides

n° 177 - July 22, 2015

Business climate indicator and turning point indicator - July 2015

Next issue August 27, 2015 08:45 - August 2015

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