According to the business leaders questioned in February 2013, the industrial economic situation improves. The synthetic indicator increased by three points but was very below its long-term average.
The turning point indicator remains in the neutral area.
Business leaders remain pessimistic about their past activity: the balance of opinion is steady but is very low.
Business leaders consider also that their production outlook improves, even if the balance of opinion remains below their long-term average.
While export order books increased markedly, total order books are rated as nearly steady: they remain considered as very low.
The general production outlook, which represents business leaders’ opinion on French industry as a whole, are nearly steady; this balance of opinion remains very low.
Stocks of finished products increase slightly but their level is rated as below their long-term average.
Industrial economic climate - Synthetic Index

Turning-point indicator

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* | Nov. 12 | Déc. 12 | Jan. 13 | Fev. 13 |
|---|---|---|---|---|---|
| Synthetic index | 100 | 88 | 89 | 87 | 90 |
| Recent changes in output | 5 | –16 | –10 | –24 | –24 |
| Finished-goods inventory level | 13 | 15 | 11 | 4 | 8 |
| Demand and total order levels | –17 | –34 | –37 | –34 | –32 |
| Demand and export order levels | –13 | –35 | –37 | –41 | –29 |
| Personal production expectations | 5 | –7 | –9 | –14 | 2 |
| General production expectations | –9 | –42 | –38 | –35 | –36 |
n° 38 - February 20, 2013
Monthly business survey (goods-producing industries) - February 2013
Next issue June 25, 2013 08:45 - June 2013
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