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.
|Source(s) : INSEE, Business tendency surveys|
|June 11||July 11||Sept.11||Oct.11||Nov.11|
|Turning point indicators|
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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