Insee
Informations Rapides · 25 January 2024 · n° 15
Informations rapidesIn January 2024, the business climate in retail trade and in trade and repair of motor vehicles has sharply improved Monthly survey of retailing - January 2024

In January 2024, the business climate in retail trade and trade and repair of motor vehicles as a whole has sharply improved. At 104, the indicator that synthesizes it has gained four points and has moved above its long-term average (100). This improvement is mainly the result of the rise of the balances of opinion associated with the ordering intentions and the past sales.

Informations rapides
No 15
Paru le :Paru le25/01/2024
Prochaine parution le : 19/09/2025 at 08:45 - September 2025

In January 2024, the business climate in retail trade and trade and repair of motor vehicles as a whole has sharply improved. At 104, the indicator that synthesizes it has gained four points and has moved above its long-term average (100). This improvement is mainly the result of the rise of the balances of opinion associated with the ordering intentions and the past sales.

Composite indicator

Composite indicator
Business climate synthetic indicator
2024-01 103.8
2023-12 99.7
2023-11 96.5
2023-10 98.0
2023-09 102.7
2023-08 105.0
2023-07 105.6
2023-06 101.7
2023-05 96.7
2023-04 100.0
2023-03 97.5
2023-02 100.1
2023-01 99.4
2022-12 98.7
2022-11 96.1
2022-10 97.5
2022-09 96.8
2022-08 99.1
2022-07 95.4
2022-06 94.5
2022-05 94.1
2022-04 91.1
2022-03 98.7
2022-02 105.7
2022-01 104.0
2021-12 106.8
2021-11 107.8
2021-10 106.5
2021-09 108.0
2021-08 110.1
2021-07 114.1
2021-06 116.4
2021-05 107.8
2021-04 91.7
2021-03 96.4
2021-02 89.2
2021-01 93.6
2020-12 93.5
2020-11 70.9
2020-10 98.0
2020-09 98.0
2020-08 96.8
2020-07 90.4
2020-06 86.6
2020-05 61.6
2020-04 58.2
2020-03 93.6
2020-02 107.3
2020-01 106.7
2019-12 108.7
2019-11 106.7
2019-10 106.6
2019-09 107.1
2019-08 103.4
2019-07 106.0
2019-06 104.8
2019-05 104.9
2019-04 107.8
2019-03 105.1
2019-02 103.5
2019-01 102.1
2018-12 100.2
2018-11 107.4
2018-10 107.5
2018-09 110.1
2018-08 116.1
2018-07 113.9
2018-06 113.7
2018-05 113.1
2018-04 113.6
2018-03 114.5
2018-02 117.0
2018-01 117.3
2017-12 116.7
2017-11 116.2
2017-10 116.6
2017-09 113.4
2017-08 111.2
2017-07 112.0
2017-06 111.2
2017-05 107.1
2017-04 105.7
2017-03 107.8
2017-02 107.6
2017-01 108.9
2016-12 108.2
2016-11 103.2
2016-10 102.0
2016-09 102.9
2016-08 104.6
2016-07 104.5
2016-06 104.0
2016-05 106.2
2016-04 103.0
2016-03 103.9
2016-02 102.6
2016-01 104.3
2015-12 101.6
2015-11 105.1
2015-10 108.3
2015-09 106.0
2015-08 106.6
2015-07 103.2
2015-06 104.3
2015-05 103.1
2015-04 103.1
2015-03 102.2
2015-02 102.0
2015-01 98.8
2014-12 94.4
2014-11 92.8
2014-10 89.3
2014-09 88.5
2014-08 90.6
2014-07 96.7
2014-06 94.6
2014-05 96.4
2014-04 96.5
2014-03 95.4
2014-02 94.7
2014-01 95.2
2013-12 94.0
2013-11 91.9
2013-10 95.4
2013-09 97.7
2013-08 93.4
2013-07 85.4
2013-06 85.0
2013-05 83.5
2013-04 84.5
2013-03 86.4
2013-02 89.6
2013-01 85.0
2012-12 88.0
2012-11 88.2
2012-10 87.4
2012-09 85.9
2012-08 90.9
2012-07 89.3
2012-06 93.1
2012-05 90.9
2012-04 96.0
2012-03 93.3
2012-02 90.6
2012-01 88.2
2011-12 92.9
2011-11 93.8
2011-10 94.6
2011-09 93.9
2011-08 98.2
2011-07 101.4
2011-06 102.1
2011-05 103.9
2011-04 103.1
2011-03 103.7
2011-02 106.5
2011-01 106.6
2010-12 107.8
2010-11 104.3
2010-10 107.5
2010-09 105.9
2010-08 106.2
2010-07 101.0
2010-06 101.0
2010-05 101.7
2010-04 103.1
2010-03 97.8
2010-02 98.7
2010-01 98.3
2009-12 96.6
2009-11 98.2
2009-10 92.7
2009-09 90.4
2009-08 87.4
2009-07 86.0
2009-06 79.7
2009-05 80.5
2009-04 75.7
2009-03 82.4
2009-02 78.6
2009-01 77.6
2008-12 76.4
2008-11 84.0
2008-10 80.7
2008-09 96.2
2008-08 93.0
2008-07 95.4
2008-06 99.4
2008-05 103.0
2008-04 103.4
2008-03 109.3
2008-02 108.5
2008-01 110.0
2007-12 114.4
2007-11 112.6
2007-10 111.4
2007-09 111.8
2007-08 115.0
2007-07 117.0
2007-06 120.4
2007-05 114.5
2007-04 113.2
2007-03 110.9
2007-02 112.2
2007-01 107.5
2006-12 108.3
2006-11 110.7
2006-10 111.6
2006-09 110.2
2006-08 109.6
2006-07 108.0
2006-06 107.5
2006-05 105.2
2006-04 103.4
2006-03 102.1
2006-02 102.5
2006-01 103.0
2005-12 103.9
2005-11 99.5
2005-10 101.5
2005-09 98.9
2005-08 97.6
2005-07 95.8
2005-06 97.8
2005-05 101.2
2005-04 103.5
2005-03 104.1
2005-02 103.6
2005-01 105.9

Composite indicator

  • Source: INSEE

The balance of opinion related to the ordering intentions has sharply increased

In January 2024, the balance of opinion on the ordering intentions has increased sharply, as well as the one related to the past sales. Both balances have moved above their long-term average. The one on the expected sales is stable, below its own. The balance on the general business outlook is almost stable, above its average.

Concerning the workforce size, the balance of opinion associated with the expected change in the workforce size has slightly retreated, while the one related to its recent change has grown again. Both of them remain yet below their long-term average.

The balance of opinion associated with the current level of stocks is stable and remains well above its own. The bimonthly balance on the cash position has sharply rebounded for its part, while remaining below its long-term average. Finally, the business managers are less numerous than in the previous month to consider that the evolution of their business situation is difficult to forecast.

Tendency in retail trade and in trade and repair of motor vehicles

Balances of opinion, in %, S.A.
Tendency in retail trade and in trade and repair of motor vehicles (Balances of opinion, in %, S.A.)
Ave. (1) Oct. 23 Nov. 23 Dec. 23 Jan. 24
Business climate 100 98 96 100 104
General business outlook -27 -26 -20 -18 -17
Recent sales -7 -5 -14 -12 -1
Expected sales -4 -11 -12 -11 -11
Ordering intentions -8 -12 -15 -13 -6
Stocks 10 22 23 19 19
Past selling prices (2) -3 - 13 - 4
Expected selling prices 0 14 8 9 4
Cash position (2) -15 - -25 - -20
Past workforce size -1 -9 -13 -9 -6
Expected workforce size -4 -11 -13 -7 -8
Economic uncertainty felt (3) 38 38 40 41 38
  • (1) Average since 1991 (except 2004 for recent and expected sales and ordering intentions, and April 2021 for uncertainty felt).
  • (2) Bimonthly question (odd-numbered months).
  • (3) Non-seasonally adjusted balance.
  • Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles

Recent sales and ordering intentions

Recent sales and ordering intentions
Ordering intentions Recent sales
2024-01 -6.1 -0.8
2023-12 -13.5 -12.5
2023-11 -15.2 -14.2
2023-10 -11.6 -5.2
2023-09 -7.8 1.7
2023-08 -8.0 6.2
2023-07 -8.5 -1.9
2023-06 -8.8 -9.1
2023-05 -16.0 -5.8
2023-04 -11.3 -1.6
2023-03 -14.9 -5.7
2023-02 -10.4 -1.2
2023-01 -11.8 6.0
2022-12 -10.4 -1.4
2022-11 -15.4 2.1
2022-10 -8.7 -2.8
2022-09 -13.9 -4.9
2022-08 -7.4 -12.3
2022-07 -10.7 -20.4
2022-06 -12.6 -16.1
2022-05 -14.4 -12.9
2022-04 -18.7 -18.6
2022-03 -5.0 -12.4
2022-02 -3.1 -7.0
2022-01 -3.3 -4.7
2021-12 -1.6 -6.2
2021-11 -0.5 -11.0
2021-10 -3.8 -17.6
2021-09 -2.0 -11.2
2021-08 3.9 11.0
2021-07 2.6 0.3
2021-06 1.0 -2.0
2021-05 -7.2 -10.9
2021-04 -16.0 -7.4
2021-03 -8.5 -16.4
2021-02 -15.5 -14.1
2021-01 -13.4 -5.4
2020-12 -11.4 -21.8
2020-11 -37.0 7.4
2020-10 0.4 -2.1
2020-09 -6.3 6.2
2020-08 -3.9 -9.9
2020-07 -9.6 -42.0
2020-06 -13.8 -48.2
2020-05 -47.3 -56.4
2020-04 -56.4 -4.3
2020-03 -12.5 -4.4
2020-02 -0.6 1.6
2020-01 -2.8 11.1
2019-12 1.3 -1.5
2019-11 -1.0 -5.8
2019-10 -2.5 -6.3
2019-09 -3.7 0.5
2019-08 -7.8 -5.0
2019-07 -5.0 -3.7
2019-06 -7.6 -9.0
2019-05 -6.3 -10.9
2019-04 0.3 -12.9
2019-03 -2.4 -17.9
2019-02 -6.2 -10.0
2019-01 -6.4 -9.1
2018-12 -5.6 -9.1
2018-11 -0.6 -6.8
2018-10 -2.2 -8.1
2018-09 0.6 2.0
2018-08 13.4 0.3
2018-07 3.7 -2.1
2018-06 5.2 -8.7
2018-05 2.6 -6.9
2018-04 2.1 -9.7
2018-03 2.3 -8.2
2018-02 4.2 5.1
2018-01 6.3 1.9
2017-12 5.9 1.5
2017-11 7.7 -5.1
2017-10 9.3 -0.4
2017-09 2.3 -1.6
2017-08 -0.8 -1.0
2017-07 -1.4 5.5
2017-06 -1.0 -5.9
2017-05 -3.2 -5.5
2017-04 -3.5 -11.9
2017-03 0.2 -1.8
2017-02 -0.4 4.2
2017-01 1.5 1.0
2016-12 -0.1 -1.2
2016-11 -9.2 -6.3
2016-10 -8.2 -10.7
2016-09 -6.1 -10.5
2016-08 -3.9 -4.1
2016-07 -5.1 -5.1
2016-06 -3.7 -4.0
2016-05 -3.8 4.8
2016-04 -8.7 1.5
2016-03 -3.5 -5.2
2016-02 -6.8 -9.2
2016-01 -6.1 -4.9
2015-12 -5.2 -15.3
2015-11 -3.5 3.0
2015-10 0.3 4.4
2015-09 -2.6 1.6
2015-08 -1.5 8.0
2015-07 -6.3 -0.6
2015-06 -1.3 -8.3
2015-05 -3.0 -4.4
2015-04 -2.2 -2.6
2015-03 -3.3 -5.4
2015-02 -1.9 -4.3
2015-01 -4.9 -8.6
2014-12 -12.7 -10.2
2014-11 -13.6 -14.7
2014-10 -16.8 -23.7
2014-09 -18.4 -30.6
2014-08 -17.3 -19.8
2014-07 -10.3 -5.9
2014-06 -13.8 -11.9
2014-05 -11.3 -14.8
2014-04 -9.6 -21.3
2014-03 -11.1 -16.9
2014-02 -13.3 -13.1
2014-01 -12.7 -10.7
2013-12 -15.2 -10.6
2013-11 -13.5 -12.9
2013-10 -13.4 -11.5
2013-09 -7.5 -12.8
2013-08 -13.4 -18.3
2013-07 -23.1 -26.0
2013-06 -19.4 -24.4
2013-05 -21.7 -29.8
2013-04 -19.6 -31.8
2013-03 -17.1 -25.9
2013-02 -14.0 -27.2
2013-01 -25.5 -17.3
2012-12 -17.7 -21.2
2012-11 -18.5 -16.4
2012-10 -19.3 -23.0
2012-09 -21.7 -23.8
2012-08 -15.1 -8.3
2012-07 -15.4 -19.5
2012-06 -12.9 -18.3
2012-05 -16.8 -14.8
2012-04 -13.7 -8.1
2012-03 -16.0 -12.3
2012-02 -15.4 -15.4
2012-01 -19.9 -20.3
2011-12 -13.9 -17.5
2011-11 -12.6 -13.0
2011-10 -13.5 -15.7
2011-09 -13.1 -17.4
2011-08 -11.3 -6.5
2011-07 -11.6 -9.4
2011-06 -11.4 0.1
2011-05 -7.9 3.6
2011-04 -7.2 1.7
2011-03 -5.8 -6.4
2011-02 -2.4 1.6
2011-01 -1.8 4.3
2010-12 -1.3 4.1
2010-11 -4.9 -8.0
2010-10 1.3 -3.9
2010-09 -2.3 -1.8
2010-08 -1.6 4.0
2010-07 -7.9 -5.3
2010-06 -4.7 -1.0
2010-05 -7.0 2.1
2010-04 -4.5 -2.7
2010-03 -10.0 -20.1
2010-02 -9.9 -13.0
2010-01 -13.4 -4.7

Recent sales and ordering intentions

  • Source: INSEE

The balances of opinion on the prices have diminished

In January 2024, the balance of opinion on the expected prices has sharply retreated and the bimonthly balance on the past selling prices has diminished again. Both balances, decreasing almost continuously since April 2023, remain yet slightly above their long-term average.

Expected prices in retail trade and in trade and repair of motor vehicles

Expected prices in retail trade and in trade and repair of motor vehicles
Expected prices
2024-01 3.6
2023-12 9.2
2023-11 8.0
2023-10 13.6
2023-09 14.4
2023-08 13.9
2023-07 14.4
2023-06 18.8
2023-05 26.8
2023-04 37.0
2023-03 46.7
2023-02 45.3
2023-01 41.2
2022-12 37.3
2022-11 38.2
2022-10 44.5
2022-09 40.9
2022-08 42.2
2022-07 40.3
2022-06 41.0
2022-05 41.3
2022-04 36.1
2022-03 37.5
2022-02 35.8
2022-01 26.1
2021-12 24.9
2021-11 26.2
2021-10 23.5
2021-09 15.1
2021-08 14.4
2021-07 13.4
2021-06 10.1
2021-05 3.7
2021-04 0.5
2021-03 1.7
2021-02 -0.2
2021-01 0.3
2020-12 -3.9
2020-11 -4.0
2020-10 2.9
2020-09 1.0
2020-08 -0.1
2020-07 -2.7
2020-06 -3.6
2020-05 -8.2
2020-04 -8.1
2020-03 -1.5
2020-02 2.1
2020-01 -0.2
2019-12 3.0
2019-11 1.5
2019-10 3.9
2019-09 1.8
2019-08 -1.0
2019-07 -1.2
2019-06 -3.3
2019-05 -0.5
2019-04 2.3
2019-03 0.9
2019-02 0.3
2019-01 -2.9
2018-12 4.1
2018-11 -1.3
2018-10 -0.6
2018-09 0.3
2018-08 -1.6
2018-07 0.7
2018-06 -3.3
2018-05 -2.0
2018-04 -3.0
2018-03 -3.4
2018-02 0.9
2018-01 -3.5
2017-12 -1.6
2017-11 1.4
2017-10 3.6
2017-09 -2.0
2017-08 -0.4
2017-07 -2.5
2017-06 -2.1
2017-05 -7.4
2017-04 -4.2
2017-03 -1.1
2017-02 -4.1
2017-01 0.2
2016-12 -0.7
2016-11 -1.2
2016-10 -7.3
2016-09 -6.5
2016-08 -4.2
2016-07 -4.5
2016-06 -7.6
2016-05 -4.7
2016-04 -6.4
2016-03 -5.1
2016-02 -6.6
2016-01 -8.3
2015-12 -7.5
2015-11 -2.8
2015-10 -3.0
2015-09 -7.2
2015-08 -7.8
2015-07 -5.6
2015-06 -3.1
2015-05 -7.4
2015-04 -5.3
2015-03 -9.3
2015-02 -10.0
2015-01 -11.7
2014-12 -11.4
2014-11 -11.8
2014-10 -13.8
2014-09 -14.0
2014-08 -12.2
2014-07 -9.7
2014-06 -13.9
2014-05 -14.2
2014-04 -16.4
2014-03 -12.7
2014-02 -10.3
2014-01 -2.4
2013-12 -1.0
2013-11 -3.6
2013-10 -2.9
2013-09 -0.5
2013-08 -3.5
2013-07 -1.6
2013-06 -6.9
2013-05 -0.7
2013-04 -13.8
2013-03 -1.6
2013-02 -8.2
2013-01 -6.3
2012-12 -1.6
2012-11 -5.0
2012-10 -4.8
2012-09 -0.9
2012-08 -3.6
2012-07 -1.8
2012-06 -2.0
2012-05 -1.6
2012-04 -1.2
2012-03 3.7
2012-02 3.7
2012-01 5.1
2011-12 7.1
2011-11 4.8
2011-10 3.3
2011-09 3.3
2011-08 5.2
2011-07 4.8
2011-06 5.2
2011-05 9.7
2011-04 9.0
2011-03 7.6
2011-02 5.8
2011-01 2.5
2010-12 -1.4
2010-11 -0.2
2010-10 0.8
2010-09 -1.7
2010-08 -5.0
2010-07 -3.6
2010-06 -0.8
2010-05 -3.4
2010-04 -4.2
2010-03 -4.3
2010-02 -5.0
2010-01 -5.7
2009-12 -5.7
2009-11 -9.3
2009-10 -8.0
2009-09 -4.9
2009-08 -11.4
2009-07 -5.7
2009-06 -16.4
2009-05 -17.4
2009-04 -18.3
2009-03 -30.6
2009-02 -17.4
2009-01 -17.8
2008-12 -20.4
2008-11 -26.8
2008-10 -6.3
2008-09 -15.4
2008-08 4.6
2008-07 6.0
2008-06 3.8
2008-05 1.9
2008-04 1.5
2008-03 8.1
2008-02 1.5
2008-01 5.4
2007-12 3.1
2007-11 14.5
2007-10 0.0
2007-09 7.8
2007-08 0.7
2007-07 -6.0
2007-06 -5.0
2007-05 -1.7
2007-04 -8.9
2007-03 -5.8
2007-02 -1.7
2007-01 -6.2

Expected prices in retail trade and in trade and repair of motor vehicles

  • Source: INSEE

The business managers are more positive on their recent activity in retail trade (excluding motor vehicles) than in trade and repair of motor vehicles

In January 2024, the balance of opinion on the past sales as well as the one on the ordering intentions have sharply increased again in retail trade (excluding motor vehicles) and have moved above their respective average; conversely, in trade and repair of motor vehicles, they have decreased again and have moved away from their average.

The balance on the expected selling prices has sharply diminished in retail trade (excluding motor vehicles) but remains yet well above its long-term average. In trade and repair of motor vehicles, it is stable and slightly below its own.

Finally, the balance on the expected change in the workforce size has retreated in trade and repair of motor vehicles and has moved below its long-term average. In retail trade (excluding motor vehicles), it is stable and remains below its own.

Balances of opinion by sub-sector in retail trade and trade and repair of motor vehicles

Balances of opinion, in %, S.A.
Balances of opinion by sub-sector in retail trade and trade and repair of motor vehicles (Balances of opinion, in %, S.A.)
Ave. (1) Oct. 23 Nov. 23 Dec. 23 Jan. 24
Retail trade
General business outlook -28 -26 -20 -16 -14
Recent sales -7 -7 -22 -13 7
Expected sales -2 -13 -13 -9 -9
Ordering intentions -7 -10 -18 -13 -2
Stocks 10 21 25 20 21
Past selling prices (2) -5 - 17 - 4
Expected selling prices -2 19 13 11 3
Cash position (2) -14 - -26 - -20
Past workforce size 0 -10 -15 -12 -8
Expected workforce size -4 -15 -15 -9 -9
Economic uncertainty felt (3) 36 36 39 39 36
Trade and repair of motor vehicles
General business outlook -25 -27 -19 -22 -24
Recent sales -8 -1 3 -12 -18
Expected sales -7 -7 -8 -15 -15
Ordering intentions -9 -15 -10 -14 -15
Stocks 12 24 19 16 16
Past selling prices (2) 5 - 4 - 4
Expected selling prices 7 2 -3 5 5
Cash position (2) -21 - -25 - -20
Past workforce size -7 -10 -8 -3 -1
Expected workforce size -5 1 -8 0 -6
Economic uncertainty felt (3) 43 40 43 44 42
  • (1) Average since 1991 for retail trade and 2003 for trade and repair of motor vehicles (except 2004 for recent and expected sales and ordering intentions, and April 2021 for uncertainty felt).
  • (2) Bimonthly question (odd-numbered months).
  • (3) Non-seasonally adjusted balance.
  • Source: INSEE - monthly survey in retail trade and in trade and repair of motor vehicles

Revisions

The business climate for December 2023 in retail trade and trade and repair of motor vehicles is unchanged (after rounding).

For more information

The whole sector “retail trade and trade and repair of motor vehicles” is composed for 70% of retail trade and for 30% of trade and repair of motor vehicles.

For the three-modality questions, a balance of opinion is the difference between weighted percentage of “increase” or “above normal” answers and weighted percentage of “decrease” or “below normal” answers.

This survey is part of the Joint Harmonised EU Programme of Business and Consumer Surveys, partly funded by the European Commission.

Company responses were collected between 28 December 2023 and 22 January 2024.

Next issue: 22 February 2024 at 8:45 am.

Pour en savoir plus

: bureau-de-presse@insee.fr