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In February 2014, the business climate is getting worse again in the retail trade and in the trade and repair of motor vehicles

According to the managers surveyed in February 2014, the business climate is getting worse again in the retail trade and in the trade and repair of motor vehicles: the composite indicator has lost four points and got back to its December level, still under its long-term average.

Business climate synthetic indicator

Business climate synthetic indicator

More pessimistic forecasts

As many managers than in January have declared a decrease in their past activity. The corresponding balance has been almost stable for five months, slightly under its mean level. About forecasts, managers have been slightly pessimistic again: each of the three balances concerning expected sales, ordering intentions and general business outlook have moderatly declined, and remained under its average.

Stocks have been considered lower than the standard level.

The balance concerning expected prices has significantly deteriorated, getting back to April 2013 level.

Recent sales and ordering intentions

Recent sales and ordering intentions
Global data
Balances of opinion, in %, S.A.
(1) Average since 1991 (2004 for recent and expected sales and ordering intentions).
(2) Bi-monthly question (odd-numbered months).
Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE
Ave. (1) Nov. 13 Dec. 13 Jan. 14 Feb. 14
Business climate 100 95 95 98 94
General business outlook –30 –37 –35 –33 –36
Recent sales –7 –13 –10 –10 –12
Expected sales –3 –10 –3 –9 –13
Ordering intentions –9 –12 –17 –11 –15
Stocks 11 9 11 12 8
Past selling prices (2) –6 –6 –13
Expected selling prices –3 –4 1 0 –10
Cash position (2) –15 –25 –23
Workforce size: recent trend 0 –9 –3 –4 –6
Workforce size: future trend –2 –10 –6 –8 –9

A little more job losses

According to business managers, job losses pace has slightly intensified over the last and the next few months. Each of the two balances has stayed under its average.

Retail trade

Dull past and expected activities

In both non-specialized and specialized trade, as many retailers than over January have declared falls in their past and expected activities. Each of the balances of both sectors, concerning recent sales, expected sales and ordering intentions has remained under its mean level.

Stocks have been overall estimated lower, getting back to their standard level.

More retailers than in the previous survey have declared a drop in expected prices.

Trade and repair of motor vehicles

Recent sales and ordering intentions in motor vehicles

Recent sales and ordering intentions in motor vehicles

Past and expected activities near their averages

According to vehicle traders, activity has declined over the last few months, and might decrease again in the future, as expected sales and ordering intentions show it. Each of the three balances has got slightly under its average yet.

The level of stocks has been considered stable, still very low under the standard level.

More vehicles traders than in January have expected a fall in selling prices.

Detailed data
Balances of opinion, in %, S.A.
(1) Average since 1991 (2003 for trade and repair of motor vehicles and 2004 for recent and expected sales and ordering intentions).
(2) Bi-monthly question (odd-numbered months).
Source: monthly survey in the retail trade and in the trade and repair of motor vehicles - INSEE
Ave. (1) Nov. 13 Dec. 13 Jan. 14 Feb. 14
Retail trade - Global data
Recent sales –5 –12 –8 –9 –10
Expected sales 0 –11 6 –11 –14
Ordering intentions –7 –12 –17 –12 –15
Stocks 10 9 13 15 9
Past selling prices (2) –8 –7 –15
Expected selling prices –4 –5 –2 –5 –12
Cash position (2) –13 –23 –20
Workforce size: recent trend 1 –7 –1 0 –3
Workforce size: future trend –2 –10 –4 –5 –6
Non-specialized retail trade
Recent sales –1 –7 –5 –6 –9
Expected sales 6 1 18 –13 –13
Ordering intentions 2 0 –13 –7 –10
Stocks 7 5 13 20 10
Past selling prices (2) –7 –2 –17
Expected selling prices –4 –4 1 –7 –16
Cash position (2) –7 –12 –10
Specialized retail trade
Recent sales –9 –17 –12 –12 –12
Expected sales –7 –20 –5 –19 –18
Ordering intentions –17 –20 –22 –26 –23
Stocks 14 14 14 9 8
Past selling prices (2) –8 –12 –12
Expected selling prices –4 –7 –6 –2 –7
Cash position (2) –22 –36 –31
Trade and repair of motor cars and motorcycles
Recent sales –11 –17 –15 –12 –15
Expected sales –9 –11 –19 –8 –11
Ordering intentions –14 –15 –22 –19 –17
Stocks 15 6 7 5 5
Past selling prices (2) 1 –6 –9
Expected selling prices 4 2 5 2 –7
Cash position (2) –26 –30 –31
Workforce size: recent trend –10 –20 –16 –18 –18
Workforce size: future trend –8 –15 –15 –17 –15

Informations Rapides

n° 42 - February 25, 2014

Monthly survey of retailing - February 2014

Next issue August 27, 2014 08:45 - August 2014

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Since July 2009, display of the Informations Rapides has changed.