In the second half of 2012, according to business leaders, the cash position in the industry is considered less deteriored than the first half of 2011: the corresponding balance of opinion rebonds by seventeen points but is still below its long-term average.
In the second half of 2012, operating balance dips and is still considered low. The opinion of business leaders on the sale prices decreases. However, the cash was less penalized by the increase in prices of supply.
Cash position in industry

Operating balance

| Balance of opinion, s.a, in % | |||||
| * : The average of the balances opinion since June 1990. | |||||
| Source : Cash survey in industry - INSEE | |||||
| Average* | JUN11 | DEC11 | JUN12 | DEC12 | |
|---|---|---|---|---|---|
| CURRENT POSITION | |||||
| Cash | –5 | 2 | –13 | –27 | –10 |
| Operating balance | 7 | 30 | 13 | 0 | –3 |
| EXPECTED EVOLUTION | |||||
| Cash | 0 | 17 | –7 | –6 | –14 |
| Operating balance | 10 | 27 | –3 | 7 | –15 |
n° n° - July 3, 2012
Cash survey in industry - December 2012
Next issue July 3th 2013 - June 2013
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