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In February 2014, the business climate remains stable in services

All services sector

According to business managers, the economic situation in services remains stable in February 2014. The business climate composite indicator is unchanged compared to January and stands at 91, still below its long-term average (100). The turning point indicator indicates an unfavorable economic outlook dynamic.

Business managers consider that their activity remains deteriorated in the last few months. They revise downward their anticipations of activity and demand for the next few months. The balance on the general outlook, which relates the assessment of business leaders over their whole sector remains below its long-term average.

Employment remains sluggish

In services sector except temporary employment agencies, the balances of opinion on past and expected employment are lower than their long-term averages.

Economic outlook in the services sector
Balances of opinion, in %, seasonally adjusted
* Average of the balances of opinion since 1988
Source: Insee
Average* Nov. 13 Dec. 13 Jan. 14 Feb. 14
Composite indicator 100 95 91 91 91
General outlook –7 –15 –16 –16 –15
Past activity 2 –2 –3 –6 –7
Expected activity 2 –2 –10 –5 –8
Expected demand 0 –5 –8 –8 –9
Business situation –2 –9 –14 –15 –13
Past selling prices –3 –13 –11 –11 –10
Expected selling prices –2 –7 –10 –9 –11
Past employment 3 2 7 2 –2
except temporary work agencies 1 –5 –2 1 –2
Expected employment 2 –2 –5 –4 –5
except temporary work agencies –1 –5 –8 –7 –8
Investments
Past investments 1 1 0 1 –1
Expected investments 1 –1 –1 2 –5

Composite indicator

Composite indicator

Turning point indicator

Turning point indicator

Note: close to 1 (respectively -1), this indicator indicates a favorable short-term economic situation (respectively unfavorable).

Activity

Activity

Road transport

In road freight and mail activities, business managers’ judgment on past activity has improved. However, their business expectations for the coming months are deteriorating.

Accommodation and food service activities

In accommodation and food service activities, business managers consider that activity remains deteriorated in the past three months. Their business and demand expectations are worsening.

Information and communication

In information and communication, the balances of opinion on past activity and on expected activity are down.

Real estate activities

In real estate activities, business managers consider that activity has improved in the recent months. They revise upwards their expectations of activity and demand.

Professional, scientific and technical activities

In professional, scientific and technical activities, business managers consider that their activity has remained dull in recent months. Their expectations of activity and demand remain pessimistic.

Administrative and support service activities

In administrative and support service activities, the balance of opinion on past activity is down in February. The balance of opinion on expected activity is close to its long-term average.

Expected activity

Expected activity
Detailed data
Balances of opinion, in %, seasonally adjusted
* Average of the balances of opinion since 1988 (2006 for road transport)
A21 Average* Nov. 13 Dec. 13 Jan. 14 Feb. 14
(H) Road transport
Past activity –8 –6 –1 –1 5
Expected activity –9 1 –7 –15 –18
Expected demand –13 –8 –9 –18 –17
Past employment –8 –7 0 –1 –5
Expected employment –11 –7 –13 –10 –15
(I) Accommodation and food service activities
Past activity –7 –12 –17 –19 –14
Expected activity –7 –13 –15 –15 –25
Expected demand –9 –15 –14 –19 –29
Past employment –4 –13 –8 –5 –7
Expected employment –5 –10 –12 –13 –13
(J) Information and communication
Past activity 10 –1 –11 –22 –24
Expected activity 12 –2 –24 –7 –16
Expected demand 12 5 –5 0 –4
Past employment 7 –4 –4 –3 –2
Expected employment 11 2 –3 –4 –6
(L) Real estate activities
Past activity 7 –3 –3 1 9
Expected activity 7 7 2 2 5
Expected demand 1 –4 –6 –2 –3
Past employment 3 0 2 5 7
Expected employment 2 2 –1 –5 –3
(M) Professional, scientific and technical activities
Past activity –1 –6 –7 –8 –6
Expected activity –2 –9 –9 –10 –6
Expected demand –5 –12 –12 –10 –13
Past employment 1 1 0 –2 –7
Expected employment 0 –4 –8 –3 –6
(N) Administrative and support service activities
Past activity 6 6 9 13 2
Expected activity 5 0 –1 6 4
Expected demand 3 –5 –7 –3 1
Past employment 8 22 32 9 2
Expected employment 6 3 3 3 4

Informations Rapides

n° 43 - February 25, 2014

Monthly survey of services - February 2014

Next issue January 23, 2015 08:45 - January 2015

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