Informations rapides
24 June 2020
2020- n° 153
In June 2020, the business climate in the manufacturing industry has continued to recover but remains deteriorated Monthly business survey (goods-producing industries) - June 2020

According to the business managers surveyed in June 2020, the business climate in industry has improved again sligthly. The composite indicator has gained 6 points compared to May, after losing 30 points in April, a drop unseen since the beginning of the indicator in 1976, under the influence of the health crisis. At 77, it remains very far below its long term average (100). The balances of opinion related to production prospects have bounced back markedly. Especially, the one related to personal production prospects has moved above its average.

Informations rapides
No 153
Paru le :Paru le24/06/2020
Prochaine parution le : 19/09/2025 at 08:45 - September 2025
Imprimer
Découvrir la collection
Données
(xls, 2 Mo)
Warning

Due to the context of the fight against the propagation of COVID-19, statistics published in this Informations Rapides issue could be less accurate than usual. Companies’ responses were collected between 27 May and 19 June 2020, solely online. Consequently, the response rate is a little lower this month than usual, even though it has picked up compared to its low point in April.

In addition, for this publication as well as for April (after revisions) and May, the method to correct non-response has been modified compared to the usual method which reproduces past responses from non-responding companies. We have considered that the non-responding units in April (after revisions), in May and then in June would have responded as the average of the responding units of the elementary stratum to which they belong.

According to the business managers surveyed in June 2020, the business climate in industry has improved again sligthly. The composite indicator has gained 6 points compared to May, after losing 30 points in April, a drop unseen since the beginning of the indicator in 1976, under the influence of the health crisis. At 77, it remains very far below its long term average (100). The balances of opinion related to production prospects have bounced back markedly. Especially, the one related to personal production prospects has moved above its average.

Business climate in manufacturing - Composite indicator

Business climate in manufacturing - Composite indicator
Business climate in manufacturing - Composite indicator
1998-01 112.6
1998-02 113.2
1998-03 117.0
1998-04 115.1
1998-05 114.8
1998-06 115.1
1998-07 113.9
1998-08 112.9
1998-09 112.0
1998-10 106.9
1998-11 104.0
1998-12 102.3
1999-01 101.8
1999-02 102.1
1999-03 97.0
1999-04 98.4
1999-05 100.8
1999-06 99.7
1999-07 106.0
1999-08 109.1
1999-09 111.9
1999-10 113.3
1999-11 116.5
1999-12 114.4
2000-01 115.6
2000-02 117.6
2000-03 119.8
2000-04 119.8
2000-05 121.2
2000-06 124.1
2000-07 121.2
2000-08 121.3
2000-09 121.1
2000-10 119.8
2000-11 118.0
2000-12 114.1
2001-01 112.9
2001-02 113.0
2001-03 111.6
2001-04 107.4
2001-05 105.8
2001-06 104.2
2001-07 101.6
2001-08 98.7
2001-09 95.6
2001-10 95.1
2001-11 91.2
2001-12 92.6
2002-01 93.6
2002-02 95.3
2002-03 97.1
2002-04 98.6
2002-05 102.2
2002-06 100.5
2002-07 97.5
2002-08 98.1
2002-09 99.0
2002-10 95.9
2002-11 96.6
2002-12 101.0
2003-01 97.8
2003-02 97.5
2003-03 93.0
2003-04 92.0
2003-05 91.8
2003-06 90.1
2003-07 92.8
2003-08 92.6
2003-09 92.9
2003-10 95.7
2003-11 100.1
2003-12 100.7
2004-01 100.4
2004-02 100.5
2004-03 103.6
2004-04 103.3
2004-05 104.7
2004-06 105.3
2004-07 105.1
2004-08 105.2
2004-09 105.2
2004-10 105.0
2004-11 103.1
2004-12 103.3
2005-01 103.3
2005-02 103.1
2005-03 99.7
2005-04 96.7
2005-05 97.1
2005-06 99.1
2005-07 100.2
2005-08 99.7
2005-09 99.0
2005-10 101.2
2005-11 101.1
2005-12 104.1
2006-01 103.1
2006-02 106.6
2006-03 106.4
2006-04 107.9
2006-05 108.8
2006-06 108.6
2006-07 108.9
2006-08 108.5
2006-09 108.1
2006-10 107.2
2006-11 109.6
2006-12 109.2
2007-01 108.2
2007-02 111.7
2007-03 111.3
2007-04 112.0
2007-05 110.1
2007-06 111.2
2007-07 111.5
2007-08 110.9
2007-09 110.6
2007-10 109.9
2007-11 112.2
2007-12 112.4
2008-01 110.5
2008-02 110.3
2008-03 109.9
2008-04 107.4
2008-05 104.2
2008-06 103.5
2008-07 98.9
2008-08 98.2
2008-09 91.8
2008-10 87.3
2008-11 80.1
2008-12 73.6
2009-01 72.9
2009-02 68.8
2009-03 66.9
2009-04 70.9
2009-05 72.6
2009-06 75.1
2009-07 76.6
2009-08 81.1
2009-09 84.1
2009-10 85.3
2009-11 87.7
2009-12 87.6
2010-01 90.2
2010-02 88.8
2010-03 91.2
2010-04 95.1
2010-05 96.6
2010-06 95.8
2010-07 97.3
2010-08 100.4
2010-09 102.9
2010-10 104.1
2010-11 101.8
2010-12 104.2
2011-01 108.7
2011-02 106.9
2011-03 110.1
2011-04 110.1
2011-05 107.2
2011-06 109.9
2011-07 104.8
2011-08 101.3
2011-09 99.3
2011-10 97.5
2011-11 97.7
2011-12 94.8
2012-01 95.1
2012-02 95.0
2012-03 96.6
2012-04 95.8
2012-05 94.9
2012-06 93.2
2012-07 91.3
2012-08 93.1
2012-09 92.8
2012-10 87.3
2012-11 91.8
2012-12 91.0
2013-01 90.0
2013-02 90.7
2013-03 90.7
2013-04 87.9
2013-05 92.2
2013-06 92.8
2013-07 94.8
2013-08 98.6
2013-09 96.0
2013-10 98.0
2013-11 98.2
2013-12 99.4
2014-01 99.7
2014-02 98.4
2014-03 100.9
2014-04 100.4
2014-05 98.4
2014-06 96.7
2014-07 96.4
2014-08 96.8
2014-09 97.0
2014-10 97.6
2014-11 99.0
2014-12 98.8
2015-01 98.8
2015-02 98.6
2015-03 99.1
2015-04 101.6
2015-05 101.9
2015-06 100.3
2015-07 101.7
2015-08 103.7
2015-09 104.7
2015-10 103.2
2015-11 102.3
2015-12 102.5
2016-01 102.8
2016-02 103.1
2016-03 102.6
2016-04 104.8
2016-05 104.5
2016-06 101.6
2016-07 101.7
2016-08 101.8
2016-09 103.4
2016-10 102.2
2016-11 102.1
2016-12 105.5
2017-01 105.9
2017-02 106.8
2017-03 105.7
2017-04 108.7
2017-05 108.8
2017-06 108.9
2017-07 108.2
2017-08 110.3
2017-09 110.8
2017-10 111.0
2017-11 111.4
2017-12 111.4
2018-01 113.4
2018-02 112.4
2018-03 110.6
2018-04 110.7
2018-05 110.0
2018-06 109.5
2018-07 108.6
2018-08 109.1
2018-09 107.1
2018-10 104.2
2018-11 105.0
2018-12 103.0
2019-01 103.1
2019-02 103.4
2019-03 103.7
2019-04 101.7
2019-05 104.0
2019-06 101.9
2019-07 101.5
2019-08 102.7
2019-09 101.8
2019-10 99.6
2019-11 101.7
2019-12 98.6
2020-01 102.1
2020-02 100.7
2020-03 97.9
2020-04 67.7
2020-05 70.7
2020-06 77.3

Business climate in manufacturing - Composite indicator

  • Source: INSEE.

Industrialists’ opinion on manufacturing activity

Balance of opinion, in %, SA
Industrialists’ opinion on manufacturing activity (Balance of opinion, in %, SA)
Ave.* Mar. 20 Apr. 20 May. 20 Jun. 20
Manufacturing industry
Composite indicator 100 98 68 71 77
Past activity 5 7 -29 -65 -57
Finished-goods inventory 12 3 7 13 15
Overall order books -18 -16 -52 -56 -56
Export order books -14 -19 -61 -59 -65
Past workforce size -9 -3 -10 -24 -29
Expected workforce size -11 -5 -32 -26 -21
Personal production expectations 5 -7 -69 -12 19
General production expectations -8 -33 -78 -49 -15
  • * Long-term average since 1976.
  • Source: INSEE - Monthly business tendency survey in industry

Personal production prospects have recovered

In June 2020, the industrialists’ balance of opinion on the evolution of their personal production prospects for the next three months has recovered sharply. It had collapsed in April, to its lowest level since the serie has existed (1976). In June, it stands once again above its long term average. The balance of opinion on the general production prospects for the sector has also picked up but stays well below its average. The balance of opinion on past production has picked up in June but stays very deteriorated.

More than half of industrialists have declared their order books to be below normal. The balances of opinion on total order books is stable and the one on foreign order books has declined again. Both stand at very low levels although higher than in 2009.

The balance regarding inventories has risen again and stands above its average.

Considering employment, the balance of opinion on past variation has deteriorated again. However, the one on expected variation has continued to recover gradually. Both balances remain significantly below their long-term average.

The climate indicators remain deteriorated in all sub-sectors

The business climate indicators lie well below their average in all sub-sectors. The indicator is still relatively less deteriorated in the agrofood industry, the only sub-sector where the indicator has remained above the low points of 2009.

Revisions

The business climate indicator for May has been revised upwards by one point, due to the integration of late business responses.

Business climates in a sector-based approach

Business climates in a sector-based approach
(C1) (C3) (C4) (C5)
2011-01 109.3 105.2 105.1 105.1
2011-02 107.5 103.2 99.6 108.2
2011-03 106.6 107.5 106.1 109.6
2011-04 108.8 105.6 105.7 109.8
2011-05 109.5 104.2 105.1 107.5
2011-06 108.6 105.3 109.3 108.8
2011-07 111.0 103.3 103.8 104.8
2011-08 103.5 101.2 101.8 100.3
2011-09 101.8 100.2 98.8 98.1
2011-10 104.3 98.8 100.2 96.4
2011-11 102.2 96.5 102.1 94.2
2011-12 98.1 96.8 100.1 94.6
2012-01 99.7 96.7 95.0 94.2
2012-02 100.3 96.6 93.7 95.9
2012-03 102.1 97.2 102.9 97.2
2012-04 99.0 96.6 94.0 97.9
2012-05 93.5 95.3 94.9 95.9
2012-06 94.8 91.6 95.7 93.8
2012-07 94.7 91.3 95.1 92.5
2012-08 93.7 90.9 95.2 93.6
2012-09 96.6 91.6 97.1 93.7
2012-10 91.1 86.5 95.6 89.5
2012-11 98.3 87.8 92.8 92.4
2012-12 98.8 88.2 92.4 92.0
2013-01 97.6 88.3 92.5 91.4
2013-02 98.0 89.3 94.3 90.4
2013-03 94.0 89.5 93.8 91.4
2013-04 91.8 90.3 92.9 89.5
2013-05 91.6 90.2 94.9 92.0
2013-06 92.6 89.8 94.8 93.4
2013-07 92.2 90.3 98.8 95.0
2013-08 95.3 92.4 101.4 97.2
2013-09 94.9 90.8 97.6 97.2
2013-10 95.5 91.1 103.6 97.8
2013-11 98.2 93.4 102.0 98.7
2013-12 98.6 92.5 100.0 99.2
2014-01 99.5 92.0 102.4 98.6
2014-02 99.2 94.5 98.0 98.3
2014-03 99.8 93.4 100.6 102.4
2014-04 95.7 93.1 102.8 100.1
2014-05 98.0 94.4 98.3 99.4
2014-06 95.9 92.5 98.1 98.6
2014-07 97.0 90.0 99.2 99.1
2014-08 95.3 94.0 97.8 100.6
2014-09 94.3 92.8 100.8 97.2
2014-10 95.6 93.2 97.3 98.5
2014-11 96.2 92.8 100.1 99.8
2014-12 99.1 92.8 99.7 100.1
2015-01 103.2 94.1 101.7 99.6
2015-02 99.4 95.8 101.1 100.2
2015-03 100.7 94.8 105.2 100.1
2015-04 104.5 97.3 106.9 100.6
2015-05 102.2 97.8 104.9 101.5
2015-06 105.2 97.9 105.1 100.9
2015-07 108.7 99.0 104.8 102.8
2015-08 103.4 98.1 107.8 101.6
2015-09 105.4 96.9 108.9 102.5
2015-10 104.2 98.9 107.7 99.8
2015-11 102.2 100.3 107.7 99.5
2015-12 99.7 98.8 107.7 101.6
2016-01 101.7 101.3 108.0 99.4
2016-02 100.2 101.3 108.9 99.9
2016-03 101.7 99.9 105.8 101.0
2016-04 105.5 100.9 109.1 101.2
2016-05 103.5 98.2 106.0 103.8
2016-06 103.2 98.0 105.8 101.5
2016-07 104.5 98.4 105.1 101.7
2016-08 99.4 98.9 103.9 101.5
2016-09 108.5 99.1 105.1 100.5
2016-10 106.5 98.1 105.7 101.1
2016-11 107.7 100.4 102.3 101.3
2016-12 108.2 104.1 104.4 104.6
2017-01 104.0 103.1 106.6 105.2
2017-02 105.6 104.5 106.3 106.2
2017-03 104.6 105.5 105.5 104.8
2017-04 103.8 107.8 106.0 107.8
2017-05 106.1 109.4 105.5 107.2
2017-06 111.8 109.0 105.1 108.5
2017-07 108.8 109.6 108.2 106.9
2017-08 109.0 107.3 108.5 108.4
2017-09 106.8 107.8 109.3 108.5
2017-10 111.1 110.0 108.5 110.1
2017-11 112.2 110.2 109.1 110.9
2017-12 110.7 111.6 110.1 110.2
2018-01 111.2 113.2 112.0 110.6
2018-02 110.3 111.3 112.1 110.0
2018-03 109.5 110.7 111.4 109.3
2018-04 109.7 110.7 112.6 107.7
2018-05 108.1 111.6 108.1 107.8
2018-06 110.0 108.4 109.8 105.8
2018-07 108.0 108.8 106.0 106.7
2018-08 108.2 108.5 106.6 106.0
2018-09 106.8 107.8 105.0 104.9
2018-10 102.4 107.3 103.7 102.5
2018-11 108.7 102.4 104.0 102.6
2018-12 107.3 102.6 102.1 102.0
2019-01 107.5 103.9 102.3 101.8
2019-02 108.7 105.2 100.6 101.3
2019-03 107.6 101.3 102.8 101.5
2019-04 107.1 102.0 101.2 101.1
2019-05 111.9 104.4 102.4 102.4
2019-06 108.1 99.3 100.6 100.9
2019-07 104.4 103.5 99.2 100.8
2019-08 108.7 100.3 101.5 102.0
2019-09 107.9 100.0 101.1 101.6
2019-10 105.5 96.9 100.6 98.7
2019-11 102.7 98.2 105.4 100.6
2019-12 107.4 97.7 99.0 97.6
2020-01 107.2 101.4 105.4 99.1
2020-02 108.1 99.8 100.0 100.4
2020-03 108.9 98.7 96.0 97.4
2020-04 92.7 77.2 73.4 73.8
2020-05 90.2 75.7 75.5 74.5
2020-06 91.6 79.0 77.4 78.8

Business climates in a sector-based approach

  • Legend: (C1): Manufacture of food products and beverages - (C3): Machinery and equipment goods - (C4): Manufacture of transport equipment - (C5): Other manufacturing
  • Source: INSEE

Business climates in a sector-based approach

Average = 100 and standard deviation = 10 since 1990
Business climates in a sector-based approach (Average = 100 and standard deviation = 10 since 1990)
NA* : (A17) et [A38 et A64] Weights** (%) Apr. 20 May. 20 Jun. 20
(C1) Man. of food products and beverages 21 93 90 92
(C3) Machinery and equipment goods 11 77 76 79
[CI] Computer, electronic and optical products 3 78 77 80
[CJ] Electrical equipment 3 73 80 85
[CK] Machinery and equipment 5 85 81 81
(C4) Man. of transport equipment 18 73 75 77
[CL1] Motor vehicles, trailers and semi-trailers 8 75 80 86
[CL2] Other transport equipment 10 77 78 78
(C5) Other manufacturing 46 74 75 79
[CB] Textiles, clothing industries, leather and footwear industry 2 66 64 79
[CC] Wood, paper, printing 5 85 86 82
[CE] Chemicals and chemical products 8 79 75 73
[CG] Rubber and plastic products 7 72 76 86
[CH] Basic metals and fabricated metal products 11 78 73 83
[CM] Other manufacturing industries 10 70 74 78
  • * NA: aggregated classification, based on the French classification of activities NAF rév.2.
  • ** Weights used to aggregate sub-sector's balances of opinion.
  • Source: INSEE - Monthly business tendency survey in industry

For further information

A balance of opinion is calculated as the difference between the percentage of « increase » responses and the percentage of « decrease » responses.

Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the « Documentation » tab of this page.

Next issue: 23 July 2020 at 8:45

Documentation

Methodology (pdf,133 Ko)

Monthly outlook survey in industry

Aggregated classification - NA, 2008

Pour en savoir plus

A balance of opinion is calculated as the difference between the percentage of « increase » responses and the percentage of « decrease » responses.

Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the « Documentation » tab of this page.

Next issue: 23 July 2020 at 8:45

: bureau-de-presse@insee.fr

Publication calendar

Time series : Industry - Activity and demand