According to the business leaders questioned in May 2012, the industrial economic situation deteriorated: the synthetic indicator decreases by two points, it now finds its level of February 2012. It remains markedly below its long-term average.
The turning point indicator goes down to the unfavorable area.
Business leaders consider remain pessimistic about their past activity in manufacturing industry. Stocks of finished products increase slightly and they reach their long-term average. Total order books decrease markedly and are rated as very low; export order books are steady: the balance of opinion remains below their historical average.
Looking at the personal production outlook, which is steady, activity in manufacturing industry would not be dynamic in the next months. The general production outlook, which represents business leaders’ opinion on French industry as a whole, weakens strongly and are very below its long-term average.
Industrial economic climate - Synthetic Index
Business leaders' opinion (manufacturing industry)
|Balance of opinion, s.a, in %|
|* : The average of the balances opinion since 1976.|
|Source : Monthly business survey - INSEE|
|Manufacturing industry||Average*||Feb. 12||March 12||April 12||May 12|
|Recent changes in output||5||–7||–8||–2||–2|
|Finished-goods inventory level||13||14||11||10||12|
|Demand and total order levels||–17||–26||–20||–22||–28|
|Demand and export order levels||–12||–33||–10||–25||–25|
|Personal production expectations||5||–1||8||–5||–4|
|General production expectations||–8||–27||–15||–14||–29|
n° 126 - May 24, 2012
Monthly business survey (goods-producing industries) - May 2012
Next issue May 24, 2013 08:45 - May 2013
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