The economic situation in manufacturing industry improved slightlyMonthly business survey (goods-producing industries) - July 2009

According to the business leaders questioned in July, the industrial economic situation in France improve slightly: the business climate indicator increases for the fourth month in a row but still remains at a low level. The turning point indicator stabilizes in the favorable area.

Informations rapides
No 195
Paru le : 23/07/2009
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

Manufacturing industry

According to the business leaders questioned in July, the industrial economic situation in France improve slightly: the business climate indicator increases for the fourth month in a row but still remains at a low level. The turning point indicator stabilizes in the favorable area.

Business leaders consider that the drop of their past activity reduced slightly again in manufacturing industry. Stocks of finished goods decrease and are rated inferior to their long-term average. Nevertheless, total and export books are still considered as very low.

Looking at the personal production outlook, the fall-off in manufacturing industry would go on in the next months, but on a more moderate rythm. The general production outlook, which represents business leader’s opinion on French industry as a whole, remains negative.

Tableau 1 – Leaders' opinion: manufacturing industrial activity

Balance of opinion, s.a, in %
Leaders' opinion: manufacturing industrial activity
Manufacturing industry Average* APR09 MAY09 JUN09 JUL09
Synthetic index 100 71 73 76 78
Recent changes in output 4 -54 -48 -41 -38
Finished-goods inventory level 15 21 13 12 7
Demand and total order levels -18 -69 -69 -69 -68
Demand and export order levels -13 -67 -69 -67 -65
Personal production expectations 4 -34 -28 -18 -14
General production expectations -9 -57 -50 -40 -40
  • * : The average of the balances opinion since 1976.
  • Source : Monthly business survey - INSEE

Graphang1 – Industrial economic climate - Synthetic Index

Graphang2 – Turning-point indicator

Graphang3 – Business leaders' opinion (manufacturing industry)