The French business climate still improving in July 2009Business climate indicator and turning point indicator - July 2009

According to the business leaders of the main economic sectors, the French business climate keeps on improving slightly in July 2009. The indicator rises to 75 after 74 in June. That is 7 points above the minimum record reached in March 2009. Nevertheless, it remains far below its long-term average.

Informations rapides
No 196
Paru le : 23/07/2009
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the business leaders of the main economic sectors, the French business climate keeps on improving slightly in July 2009. The indicator rises to 75 after 74 in June. That is 7 points above the minimum record reached in March 2009. Nevertheless, it remains far below its long-term average.

At the same time, the turning point indicator goes up in the favourable zone for the first time since the end of 2007. Since the indicator can be revised, it is advisable to wait until next publication before interpreting this movement as the sign of a coming recovery.

However, business leaders’ answers do suggest an improvement in the French economic climate.

Tableau 1 – Business climate and turning point indicators

Business climate and turning point indicators
Mar. 09 Apr. 09 May 09 Jun. 09 Jul. 09
Business climates
France 68 69 71 74 75
Industry 69 71 73 76 78
Wholesale trade 69 - 71 - 73
Building 95 92 92 92 91
Retail trade 85 79 84 83 88
Services 60 60 64 68 69
Turning point indicators
France -0,9 -0,7 -0,6 0,1 1,0
Industry -1,0 0,4 0,7 0,9 0,8
Wholesale trade -1,0 - 0,1 - 0,2
Building -0,9 -0,8 -0,6 -0,2 -1,0
  • Source(s) : INSEE, Business tendency surveys

Documentation

Methodology (pdf, 125 Ko)