According to the business leaders surveyed in September 2012, the business climate in services is recovering but remains dull. The synthetic indicator rises by three points compared with August to stand at 87, well below its long-term average. The business leaders consider that their activity slow down during the last few months, but revise upward their expectations of activity for the months to come. The general outlook drops by two points compared with August. The turning point indicator is in neutral zone.
Business climate synthetic indicator

Turning point indicator

Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable).
Activity

| Balances of opinion, in %, seasonally adjusted | |||||
| * Average of the balances of opinion since 1988 | |||||
| Source: Insee | |||||
| Average* | June 12 | July 12 | Aug. 12 | Sept. 12 | |
|---|---|---|---|---|---|
| Business climate synthetic indicator | 100 | 88 | 87 | 84 | 87 |
| General outlook | 6 | 18 | 21 | 22 | 24 |
| Past activity | 4 | 4 | 13 | 11 | 17 |
| Expected activity | 3 | 12 | 9 | 13 | 6 |
| Expected demand | 1 | 11 | 9 | 15 | 14 |
| Business situation | 0 | 15 | 16 | 16 | 20 |
| Past selling prices | 2 | 5 | 7 | 8 | 10 |
| Expected selling prices | 1 | 6 | 5 | 8 | 8 |
| Past employment | 3 | 14 | 16 | 2 | 7 |
| except temporary work agencies | 1 | 6 | 6 | 4 | 7 |
| Expected employment | 3 | 10 | 4 | 8 | 5 |
| except temporary work agencies | 0 | 7 | 8 | 6 | 7 |
| Investments | |||||
| Past investments | 2 | 3 | 6 | 8 | 8 |
| Expected investments | 1 | 5 | 7 | 8 | 4 |
n° 232 - September 25, 2012
Monthly survey of services - September 2012
Next issue June 25, 2013 08:45 - June 2013
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