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the French business climate slightly declines in november 2011

French business climate and turning point indicators –November 2011

According to the business leaders of the main economic sectors, the French business climate is deteriorating in november 2011. The indicator contracted by 2 points in one month, after a sharp deterioration of 9 points between july and september and a small deterioration of 1 point between september and october. It reaches now 93 and is significantly under its long term average (100). The situation is almost the same in all economic sectors. Business climate indicators fell by two points in industry, retail trade and services, by one point in the building sector and by four points in two months in wholesade trade..

At the same time, the turning point indicator is still to -1 which indicates an unfavourable tendancy relatively to the long term tendancy.

Business climate and turning point indicators
Source(s) : INSEE, Business tendency surveys
June 11 July 11 Sept.11 Oct.11 Nov.11
Business climates
France 108 105 96 95 93
Industry 110 105 99 97 95
Wholesale trade - 105 99 - 95
Building 102 102 101 100 99
Retail trade 105 102 93 95 93
Services 107 103 95 94 92
Turning point indicators
France 0,8 0,7 –1,0 –1,0 –1,0
Industry 0,7 –0,6 –1,0 –0,7 –0,7
Wholesale trade - –0,7 –1,0 - –0,6
Building 0,8 0,8 0,2 –0,3 –0,6
Services 0,6 –1,0 –1,0 –1,0 –1,0

Informations Rapides

n° 282 - November 23, 2011

Business climate indicator and turning point indicator - November 2011

Next issue June 25, 2013 08:45 - June 2013

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