25 February 2020
2020- n° 45In February 2020, both the French business climate and the employment climate are
stable Business climate indicator and turning point indicator - February 2020
In February 2020, the business climate is stable. At 105, the composite indicator, compiled from the answers of business managers in the main market sectors, is still above its long-term mean (100). Compared to January, the business climate has gained one point in retail trade and in services. It is stable in building construction and in manufacturing. In all sectors, the business climate stands above its long-term average.
The French business climate is stable, above its long-term average
In February 2020, the business climate is stable. At 105, the composite indicator, compiled from the answers of business managers in the main market sectors, is still above its long-term mean (100). Compared to January, the business climate has gained one point in retail trade and in services. It is stable in building construction and in manufacturing. In all sectors, the business climate stands above its long-term average.
tableauFrench business climate composite indicator
| French business climate composite indicator | |
|---|---|
| 1998-01 | 108.7 |
| 1998-02 | 110.0 |
| 1998-03 | 112.9 |
| 1998-04 | 110.9 |
| 1998-05 | 112.0 |
| 1998-06 | 113.2 |
| 1998-07 | 112.4 |
| 1998-08 | 111.6 |
| 1998-09 | 109.5 |
| 1998-10 | 107.0 |
| 1998-11 | 105.1 |
| 1998-12 | 102.3 |
| 1999-01 | 102.2 |
| 1999-02 | 102.2 |
| 1999-03 | 100.6 |
| 1999-04 | 101.4 |
| 1999-05 | 103.1 |
| 1999-06 | 102.5 |
| 1999-07 | 107.6 |
| 1999-08 | 110.5 |
| 1999-09 | 113.6 |
| 1999-10 | 115.8 |
| 1999-11 | 117.2 |
| 1999-12 | 118.6 |
| 2000-01 | 115.5 |
| 2000-02 | 116.0 |
| 2000-03 | 116.8 |
| 2000-04 | 116.6 |
| 2000-05 | 115.9 |
| 2000-06 | 117.5 |
| 2000-07 | 117.1 |
| 2000-08 | 117.7 |
| 2000-09 | 117.9 |
| 2000-10 | 116.5 |
| 2000-11 | 114.2 |
| 2000-12 | 113.7 |
| 2001-01 | 112.7 |
| 2001-02 | 112.6 |
| 2001-03 | 112.6 |
| 2001-04 | 107.3 |
| 2001-05 | 105.1 |
| 2001-06 | 104.1 |
| 2001-07 | 101.8 |
| 2001-08 | 100.4 |
| 2001-09 | 98.7 |
| 2001-10 | 93.8 |
| 2001-11 | 93.9 |
| 2001-12 | 94.5 |
| 2002-01 | 95.7 |
| 2002-02 | 96.4 |
| 2002-03 | 98.4 |
| 2002-04 | 101.6 |
| 2002-05 | 102.9 |
| 2002-06 | 101.9 |
| 2002-07 | 99.0 |
| 2002-08 | 98.3 |
| 2002-09 | 97.2 |
| 2002-10 | 95.4 |
| 2002-11 | 96.9 |
| 2002-12 | 99.5 |
| 2003-01 | 95.9 |
| 2003-02 | 94.9 |
| 2003-03 | 89.6 |
| 2003-04 | 87.2 |
| 2003-05 | 91.9 |
| 2003-06 | 92.0 |
| 2003-07 | 94.3 |
| 2003-08 | 95.3 |
| 2003-09 | 95.3 |
| 2003-10 | 96.3 |
| 2003-11 | 100.4 |
| 2003-12 | 101.7 |
| 2004-01 | 105.7 |
| 2004-02 | 104.8 |
| 2004-03 | 104.9 |
| 2004-04 | 105.8 |
| 2004-05 | 105.7 |
| 2004-06 | 105.2 |
| 2004-07 | 106.6 |
| 2004-08 | 106.7 |
| 2004-09 | 106.5 |
| 2004-10 | 107.6 |
| 2004-11 | 105.2 |
| 2004-12 | 106.4 |
| 2005-01 | 106.0 |
| 2005-02 | 106.2 |
| 2005-03 | 105.8 |
| 2005-04 | 105.0 |
| 2005-05 | 102.8 |
| 2005-06 | 103.9 |
| 2005-07 | 104.5 |
| 2005-08 | 104.3 |
| 2005-09 | 103.7 |
| 2005-10 | 106.5 |
| 2005-11 | 106.5 |
| 2005-12 | 107.8 |
| 2006-01 | 109.1 |
| 2006-02 | 107.2 |
| 2006-03 | 107.3 |
| 2006-04 | 108.1 |
| 2006-05 | 109.8 |
| 2006-06 | 109.2 |
| 2006-07 | 111.0 |
| 2006-08 | 111.2 |
| 2006-09 | 111.7 |
| 2006-10 | 111.6 |
| 2006-11 | 112.5 |
| 2006-12 | 110.9 |
| 2007-01 | 110.9 |
| 2007-02 | 112.5 |
| 2007-03 | 113.0 |
| 2007-04 | 113.7 |
| 2007-05 | 114.1 |
| 2007-06 | 115.2 |
| 2007-07 | 114.5 |
| 2007-08 | 113.2 |
| 2007-09 | 112.4 |
| 2007-10 | 111.6 |
| 2007-11 | 111.8 |
| 2007-12 | 111.4 |
| 2008-01 | 110.3 |
| 2008-02 | 108.8 |
| 2008-03 | 108.5 |
| 2008-04 | 105.7 |
| 2008-05 | 102.9 |
| 2008-06 | 99.9 |
| 2008-07 | 95.6 |
| 2008-08 | 94.2 |
| 2008-09 | 91.5 |
| 2008-10 | 82.5 |
| 2008-11 | 79.1 |
| 2008-12 | 75.3 |
| 2009-01 | 73.4 |
| 2009-02 | 71.0 |
| 2009-03 | 67.9 |
| 2009-04 | 68.8 |
| 2009-05 | 72.5 |
| 2009-06 | 75.4 |
| 2009-07 | 77.5 |
| 2009-08 | 81.4 |
| 2009-09 | 85.0 |
| 2009-10 | 87.6 |
| 2009-11 | 89.9 |
| 2009-12 | 90.5 |
| 2010-01 | 92.6 |
| 2010-02 | 93.1 |
| 2010-03 | 92.5 |
| 2010-04 | 96.8 |
| 2010-05 | 97.9 |
| 2010-06 | 97.5 |
| 2010-07 | 99.8 |
| 2010-08 | 102.1 |
| 2010-09 | 103.6 |
| 2010-10 | 104.7 |
| 2010-11 | 105.0 |
| 2010-12 | 106.7 |
| 2011-01 | 107.7 |
| 2011-02 | 108.5 |
| 2011-03 | 109.4 |
| 2011-04 | 109.2 |
| 2011-05 | 108.1 |
| 2011-06 | 108.4 |
| 2011-07 | 106.2 |
| 2011-08 | 100.9 |
| 2011-09 | 97.7 |
| 2011-10 | 96.3 |
| 2011-11 | 94.3 |
| 2011-12 | 92.9 |
| 2012-01 | 92.1 |
| 2012-02 | 91.9 |
| 2012-03 | 94.4 |
| 2012-04 | 95.1 |
| 2012-05 | 91.7 |
| 2012-06 | 90.5 |
| 2012-07 | 88.3 |
| 2012-08 | 87.8 |
| 2012-09 | 86.2 |
| 2012-10 | 84.1 |
| 2012-11 | 86.0 |
| 2012-12 | 86.7 |
| 2013-01 | 86.6 |
| 2013-02 | 86.5 |
| 2013-03 | 84.6 |
| 2013-04 | 83.0 |
| 2013-05 | 84.2 |
| 2013-06 | 85.3 |
| 2013-07 | 87.2 |
| 2013-08 | 90.4 |
| 2013-09 | 93.7 |
| 2013-10 | 93.3 |
| 2013-11 | 92.6 |
| 2013-12 | 92.4 |
| 2014-01 | 93.1 |
| 2014-02 | 93.0 |
| 2014-03 | 94.3 |
| 2014-04 | 94.2 |
| 2014-05 | 93.9 |
| 2014-06 | 92.7 |
| 2014-07 | 92.1 |
| 2014-08 | 90.9 |
| 2014-09 | 90.2 |
| 2014-10 | 90.2 |
| 2014-11 | 92.1 |
| 2014-12 | 92.3 |
| 2015-01 | 92.6 |
| 2015-02 | 93.4 |
| 2015-03 | 94.6 |
| 2015-04 | 95.6 |
| 2015-05 | 96.6 |
| 2015-06 | 97.5 |
| 2015-07 | 97.9 |
| 2015-08 | 99.5 |
| 2015-09 | 99.3 |
| 2015-10 | 100.3 |
| 2015-11 | 100.4 |
| 2015-12 | 98.9 |
| 2016-01 | 100.8 |
| 2016-02 | 99.9 |
| 2016-03 | 100.0 |
| 2016-04 | 99.9 |
| 2016-05 | 101.8 |
| 2016-06 | 100.1 |
| 2016-07 | 100.8 |
| 2016-08 | 100.4 |
| 2016-09 | 100.8 |
| 2016-10 | 101.1 |
| 2016-11 | 101.4 |
| 2016-12 | 103.7 |
| 2017-01 | 103.3 |
| 2017-02 | 103.9 |
| 2017-03 | 103.9 |
| 2017-04 | 104.1 |
| 2017-05 | 105.0 |
| 2017-06 | 106.6 |
| 2017-07 | 107.4 |
| 2017-08 | 108.5 |
| 2017-09 | 109.1 |
| 2017-10 | 109.0 |
| 2017-11 | 110.3 |
| 2017-12 | 111.4 |
| 2018-01 | 110.7 |
| 2018-02 | 109.7 |
| 2018-03 | 109.3 |
| 2018-04 | 108.5 |
| 2018-05 | 106.6 |
| 2018-06 | 106.5 |
| 2018-07 | 105.8 |
| 2018-08 | 105.1 |
| 2018-09 | 105.0 |
| 2018-10 | 103.8 |
| 2018-11 | 104.4 |
| 2018-12 | 101.5 |
| 2019-01 | 102.0 |
| 2019-02 | 103.1 |
| 2019-03 | 104.6 |
| 2019-04 | 105.3 |
| 2019-05 | 106.0 |
| 2019-06 | 106.2 |
| 2019-07 | 105.1 |
| 2019-08 | 105.3 |
| 2019-09 | 106.2 |
| 2019-10 | 105.4 |
| 2019-11 | 105.8 |
| 2019-12 | 105.0 |
| 2020-01 | 104.6 |
| 2020-02 | 105.4 |
graphiqueFrench business climate composite indicator
- Source: INSEE.
tableauBusiness and employment climates
| Oct. 19 | Nov. 19 | Dec. 19 | Jan. 20 | Feb. 20 | |
|---|---|---|---|---|---|
| Business climates | |||||
| France | 105 | 106 | 105 | 105 | 105 |
| Manufacturing | 99 | 102 | 98 | 102 | 102 |
| Building construction | 112 | 111 | 111 | 111 | 111 |
| Services | 106 | 106 | 107 | 106 | 107 |
| Retail trade | 105 | 106 | 108 | 104 | 105 |
| Wholesale trade | 106 | 104 | |||
| Employment climate | |||||
| Employment | 106 | 107 | 107 | 105 | 105 |
- Source: INSEE, Business tendency surveys
The employment climate is also stable
In February 2020, the employment climate is stable. At 105, it remains well above its long-term average. The improvement in the balance of opinion on expected employment in services except temporary work agencies is offset, in particular, by the decline in the balance on recent employment in the same sector.
tableauFrench employment climate composite indicator
| French employment climate composite indicator | |
|---|---|
| 1998-01 | 101.9 |
| 1998-02 | 103.7 |
| 1998-03 | 105.6 |
| 1998-04 | 107.3 |
| 1998-05 | 107.9 |
| 1998-06 | 109.0 |
| 1998-07 | 110.3 |
| 1998-08 | 108.5 |
| 1998-09 | 106.7 |
| 1998-10 | 105.7 |
| 1998-11 | 105.3 |
| 1998-12 | 104.7 |
| 1999-01 | 103.9 |
| 1999-02 | 105.4 |
| 1999-03 | 106.7 |
| 1999-04 | 108.2 |
| 1999-05 | 108.4 |
| 1999-06 | 109.0 |
| 1999-07 | 109.7 |
| 1999-08 | 112.3 |
| 1999-09 | 114.9 |
| 1999-10 | 117.3 |
| 1999-11 | 118.2 |
| 1999-12 | 118.8 |
| 2000-01 | 119.2 |
| 2000-02 | 117.1 |
| 2000-03 | 115.0 |
| 2000-04 | 113.0 |
| 2000-05 | 116.9 |
| 2000-06 | 120.7 |
| 2000-07 | 117.4 |
| 2000-08 | 119.3 |
| 2000-09 | 120.3 |
| 2000-10 | 120.5 |
| 2000-11 | 122.7 |
| 2000-12 | 121.1 |
| 2001-01 | 118.9 |
| 2001-02 | 119.8 |
| 2001-03 | 118.7 |
| 2001-04 | 117.6 |
| 2001-05 | 113.4 |
| 2001-06 | 111.4 |
| 2001-07 | 107.4 |
| 2001-08 | 107.9 |
| 2001-09 | 107.7 |
| 2001-10 | 108.7 |
| 2001-11 | 102.8 |
| 2001-12 | 105.1 |
| 2002-01 | 102.6 |
| 2002-02 | 100.6 |
| 2002-03 | 102.4 |
| 2002-04 | 107.0 |
| 2002-05 | 104.3 |
| 2002-06 | 102.7 |
| 2002-07 | 103.6 |
| 2002-08 | 101.2 |
| 2002-09 | 98.0 |
| 2002-10 | 94.1 |
| 2002-11 | 97.7 |
| 2002-12 | 96.4 |
| 2003-01 | 97.5 |
| 2003-02 | 95.6 |
| 2003-03 | 91.7 |
| 2003-04 | 90.3 |
| 2003-05 | 89.4 |
| 2003-06 | 92.2 |
| 2003-07 | 93.2 |
| 2003-08 | 93.9 |
| 2003-09 | 94.1 |
| 2003-10 | 94.7 |
| 2003-11 | 93.8 |
| 2003-12 | 96.9 |
| 2004-01 | 98.5 |
| 2004-02 | 97.1 |
| 2004-03 | 100.7 |
| 2004-04 | 101.1 |
| 2004-05 | 104.1 |
| 2004-06 | 100.9 |
| 2004-07 | 101.8 |
| 2004-08 | 101.8 |
| 2004-09 | 101.4 |
| 2004-10 | 103.0 |
| 2004-11 | 103.2 |
| 2004-12 | 102.0 |
| 2005-01 | 102.2 |
| 2005-02 | 102.0 |
| 2005-03 | 104.9 |
| 2005-04 | 102.2 |
| 2005-05 | 102.8 |
| 2005-06 | 102.2 |
| 2005-07 | 102.7 |
| 2005-08 | 103.4 |
| 2005-09 | 103.8 |
| 2005-10 | 104.1 |
| 2005-11 | 103.7 |
| 2005-12 | 103.0 |
| 2006-01 | 104.1 |
| 2006-02 | 104.0 |
| 2006-03 | 104.6 |
| 2006-04 | 107.3 |
| 2006-05 | 108.5 |
| 2006-06 | 110.7 |
| 2006-07 | 110.3 |
| 2006-08 | 109.5 |
| 2006-09 | 108.3 |
| 2006-10 | 109.3 |
| 2006-11 | 111.1 |
| 2006-12 | 111.8 |
| 2007-01 | 109.8 |
| 2007-02 | 111.9 |
| 2007-03 | 111.6 |
| 2007-04 | 112.2 |
| 2007-05 | 114.1 |
| 2007-06 | 113.6 |
| 2007-07 | 111.7 |
| 2007-08 | 113.2 |
| 2007-09 | 114.0 |
| 2007-10 | 112.1 |
| 2007-11 | 113.8 |
| 2007-12 | 115.5 |
| 2008-01 | 114.7 |
| 2008-02 | 114.8 |
| 2008-03 | 113.0 |
| 2008-04 | 113.3 |
| 2008-05 | 108.6 |
| 2008-06 | 104.7 |
| 2008-07 | 105.7 |
| 2008-08 | 100.5 |
| 2008-09 | 99.2 |
| 2008-10 | 94.3 |
| 2008-11 | 86.8 |
| 2008-12 | 81.4 |
| 2009-01 | 78.6 |
| 2009-02 | 77.0 |
| 2009-03 | 70.7 |
| 2009-04 | 71.3 |
| 2009-05 | 70.3 |
| 2009-06 | 71.6 |
| 2009-07 | 75.7 |
| 2009-08 | 80.9 |
| 2009-09 | 80.0 |
| 2009-10 | 82.3 |
| 2009-11 | 84.7 |
| 2009-12 | 87.3 |
| 2010-01 | 88.8 |
| 2010-02 | 89.3 |
| 2010-03 | 92.1 |
| 2010-04 | 94.5 |
| 2010-05 | 96.5 |
| 2010-06 | 97.7 |
| 2010-07 | 98.0 |
| 2010-08 | 98.5 |
| 2010-09 | 100.1 |
| 2010-10 | 103.2 |
| 2010-11 | 104.3 |
| 2010-12 | 105.2 |
| 2011-01 | 103.4 |
| 2011-02 | 110.3 |
| 2011-03 | 109.1 |
| 2011-04 | 109.3 |
| 2011-05 | 111.1 |
| 2011-06 | 111.2 |
| 2011-07 | 109.5 |
| 2011-08 | 104.9 |
| 2011-09 | 103.1 |
| 2011-10 | 99.8 |
| 2011-11 | 100.0 |
| 2011-12 | 98.1 |
| 2012-01 | 96.7 |
| 2012-02 | 96.4 |
| 2012-03 | 98.0 |
| 2012-04 | 96.7 |
| 2012-05 | 93.8 |
| 2012-06 | 92.5 |
| 2012-07 | 90.9 |
| 2012-08 | 92.2 |
| 2012-09 | 90.0 |
| 2012-10 | 90.2 |
| 2012-11 | 88.6 |
| 2012-12 | 88.2 |
| 2013-01 | 91.1 |
| 2013-02 | 87.5 |
| 2013-03 | 86.6 |
| 2013-04 | 84.7 |
| 2013-05 | 84.4 |
| 2013-06 | 87.3 |
| 2013-07 | 88.5 |
| 2013-08 | 89.2 |
| 2013-09 | 90.7 |
| 2013-10 | 93.3 |
| 2013-11 | 91.8 |
| 2013-12 | 93.8 |
| 2014-01 | 94.1 |
| 2014-02 | 93.4 |
| 2014-03 | 94.3 |
| 2014-04 | 97.3 |
| 2014-05 | 96.1 |
| 2014-06 | 94.4 |
| 2014-07 | 94.8 |
| 2014-08 | 93.4 |
| 2014-09 | 93.6 |
| 2014-10 | 93.5 |
| 2014-11 | 93.3 |
| 2014-12 | 93.8 |
| 2015-01 | 92.8 |
| 2015-02 | 95.1 |
| 2015-03 | 94.3 |
| 2015-04 | 96.7 |
| 2015-05 | 96.8 |
| 2015-06 | 98.7 |
| 2015-07 | 99.3 |
| 2015-08 | 100.1 |
| 2015-09 | 99.8 |
| 2015-10 | 100.2 |
| 2015-11 | 101.3 |
| 2015-12 | 100.5 |
| 2016-01 | 101.7 |
| 2016-02 | 100.3 |
| 2016-03 | 99.1 |
| 2016-04 | 100.0 |
| 2016-05 | 101.9 |
| 2016-06 | 101.1 |
| 2016-07 | 104.2 |
| 2016-08 | 103.0 |
| 2016-09 | 104.7 |
| 2016-10 | 104.9 |
| 2016-11 | 105.0 |
| 2016-12 | 106.7 |
| 2017-01 | 105.4 |
| 2017-02 | 104.3 |
| 2017-03 | 107.4 |
| 2017-04 | 106.5 |
| 2017-05 | 107.2 |
| 2017-06 | 107.9 |
| 2017-07 | 107.3 |
| 2017-08 | 105.6 |
| 2017-09 | 106.9 |
| 2017-10 | 108.7 |
| 2017-11 | 108.4 |
| 2017-12 | 109.0 |
| 2018-01 | 109.5 |
| 2018-02 | 110.1 |
| 2018-03 | 109.7 |
| 2018-04 | 108.9 |
| 2018-05 | 109.1 |
| 2018-06 | 110.0 |
| 2018-07 | 108.3 |
| 2018-08 | 107.6 |
| 2018-09 | 107.3 |
| 2018-10 | 107.2 |
| 2018-11 | 105.2 |
| 2018-12 | 104.6 |
| 2019-01 | 105.1 |
| 2019-02 | 106.9 |
| 2019-03 | 107.0 |
| 2019-04 | 106.7 |
| 2019-05 | 104.5 |
| 2019-06 | 106.1 |
| 2019-07 | 106.1 |
| 2019-08 | 105.3 |
| 2019-09 | 105.9 |
| 2019-10 | 105.9 |
| 2019-11 | 106.7 |
| 2019-12 | 107.2 |
| 2020-01 | 104.7 |
| 2020-02 | 105.3 |
graphiqueFrench employment climate composite indicator
- Source: INSEE.
The turning-point indicator points out a favourable short-term economic outlook
The turning-point indicator for the French economy remains in the area indicating a favourable short-term economic outlook.
tableauTurning point indicators
| Oct. 19 | Nov. 19 | Dec. 19 | Jan. 20 | Feb. 20 | |
|---|---|---|---|---|---|
| France | 0.7 | 0.8 | 0.9 | 0.8 | 0.8 |
| Manufacturing | -0.1 | 0.6 | 0.3 | 0.7 | 0.9 |
| Building construction | 0.9 | 0.8 | 0.8 | 0.9 | 0.9 |
| Services | 0.6 | 0.6 | 1.0 | 0.9 | 0.8 |
| Wholesale trade | 0.8 | 0.9 | - |
- Source: INSEE, Business tendency surveys
tableauTurning-point indicator
| Turning-point indicator | |
|---|---|
| 2010-01 | 0.58 |
| 2010-02 | 0.5 |
| 2010-03 | 0.6 |
| 2010-04 | 0.82 |
| 2010-05 | 0.92 |
| 2010-06 | 0.8 |
| 2010-07 | 0.86 |
| 2010-08 | 0.99 |
| 2010-09 | 0.96 |
| 2010-10 | 0.98 |
| 2010-11 | 0.92 |
| 2010-12 | 0.99 |
| 2011-01 | 0.99 |
| 2011-02 | 0.99 |
| 2011-03 | 0.96 |
| 2011-04 | 0.88 |
| 2011-05 | 0.4 |
| 2011-06 | 0.63 |
| 2011-07 | 0.57 |
| 2011-08 | -0.95 |
| 2011-09 | -1.0 |
| 2011-10 | -0.78 |
| 2011-11 | -0.69 |
| 2011-12 | -0.55 |
| 2012-01 | -0.44 |
| 2012-02 | -0.85 |
| 2012-03 | 0.64 |
| 2012-04 | 0.2 |
| 2012-05 | -0.73 |
| 2012-06 | -0.9 |
| 2012-07 | -0.77 |
| 2012-08 | -0.58 |
| 2012-09 | -0.47 |
| 2012-10 | -0.98 |
| 2012-11 | -0.8 |
| 2012-12 | -0.62 |
| 2013-01 | -0.53 |
| 2013-02 | -0.82 |
| 2013-03 | -1.0 |
| 2013-04 | -0.98 |
| 2013-05 | -0.04 |
| 2013-06 | 0.41 |
| 2013-07 | 0.85 |
| 2013-08 | 0.99 |
| 2013-09 | 0.99 |
| 2013-10 | 0.81 |
| 2013-11 | 0.07 |
| 2013-12 | 0.38 |
| 2014-01 | 0.86 |
| 2014-02 | 0.75 |
| 2014-03 | 0.98 |
| 2014-04 | 0.63 |
| 2014-05 | 0.41 |
| 2014-06 | 0.29 |
| 2014-07 | 0.36 |
| 2014-08 | 0.33 |
| 2014-09 | 0.36 |
| 2014-10 | -0.13 |
| 2014-11 | 0.14 |
| 2014-12 | 0.13 |
| 2015-01 | 0.01 |
| 2015-02 | 0.0 |
| 2015-03 | 0.4 |
| 2015-04 | 0.64 |
| 2015-05 | 0.67 |
| 2015-06 | 0.61 |
| 2015-07 | 0.74 |
| 2015-08 | 0.86 |
| 2015-09 | 0.71 |
| 2015-10 | 0.7 |
| 2015-11 | 0.64 |
| 2015-12 | 0.6 |
| 2016-01 | 0.88 |
| 2016-02 | 0.8 |
| 2016-03 | 0.71 |
| 2016-04 | 0.68 |
| 2016-05 | 0.73 |
| 2016-06 | 0.15 |
| 2016-07 | 0.39 |
| 2016-08 | 0.42 |
| 2016-09 | 0.86 |
| 2016-10 | 0.88 |
| 2016-11 | 0.79 |
| 2016-12 | 0.82 |
| 2017-01 | 0.73 |
| 2017-02 | 0.93 |
| 2017-03 | 0.4 |
| 2017-04 | 0.71 |
| 2017-05 | 0.63 |
| 2017-06 | 0.91 |
| 2017-07 | 0.88 |
| 2017-08 | 0.96 |
| 2017-09 | 0.94 |
| 2017-10 | 0.86 |
| 2017-11 | 0.83 |
| 2017-12 | 0.99 |
| 2018-01 | 0.92 |
| 2018-02 | 0.5 |
| 2018-03 | 0.66 |
| 2018-04 | 0.64 |
| 2018-05 | 0.6 |
| 2018-06 | 0.88 |
| 2018-07 | 0.75 |
| 2018-08 | 0.7 |
| 2018-09 | 0.73 |
| 2018-10 | 0.63 |
| 2018-11 | 0.76 |
| 2018-12 | 0.65 |
| 2019-01 | 0.87 |
| 2019-02 | 0.81 |
| 2019-03 | 0.93 |
| 2019-04 | 0.41 |
| 2019-05 | 0.97 |
| 2019-06 | 0.87 |
| 2019-07 | 0.8 |
| 2019-08 | 0.81 |
| 2019-09 | 0.89 |
| 2019-10 | 0.74 |
| 2019-11 | 0.83 |
| 2019-12 | 0.9 |
| 2020-01 | 0.79 |
| 2020-02 | 0.8 |
graphiqueTurning-point indicator
- Note: close to +1 (resp. –1), the indicator shows a favourable business climate (resp. unfavourable). The uncertainty area is between –0.3 and +0.3.
- Source: INSEE.
Revisions
Compared to their first estimates in January, the composite business climate indicator in manufacturing has been revised upwards by two points and that of French business climate has been revised upwards by one point. Conversely, the composite climate indicator in services has been revised downwards by one point. These revisions result mainly from the integration of late responses from companies. The other climate indicators are unchanged.
For further information
The business climate and turning point indicators summarise the information provided by the surveys in manufacturing, services, trade (retail and wholesale), and construction. The business climate is built from 26 balances of opinion from these surveys while the turning point indicator is built from 14 balances of opinion from surveys in manufacturing, services and construction. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and construction.
The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.
Next issue: 26 March 2020 at 08:45 am
Documentation
Abbreviated Methodology (pdf,130 Ko)
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The business climate and turning point indicators summarise the information provided by the surveys in manufacturing, services, trade (retail and wholesale), and construction. The business climate is built from 26 balances of opinion from these surveys while the turning point indicator is built from 14 balances of opinion from surveys in manufacturing, services and construction. The employment indicator is based on the 10 balances of employment, past and expected, from the surveys in manufacturing, services, retail trade and construction.
The balances of opinion concerning employment in services that are used in the employment climate distinguish the services excluding temporary work employment sector from temporary work agencies. For the latter, the balances on past and expected workforce size are not weighted, unlike the other sectors.
Next issue: 26 March 2020 at 08:45 am
