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

According to the business leaders of the main economic sectors, the French business climate keeps on improving clearly in September 2009. The indicator rises to 82 after 76 in July. That is 14 points above the minimum record reached in March 2009. Nevertheless, it still remains below its long-term average.

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Paru le : 23/09/2009
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business leaders of the main economic sectors, the French business climate keeps on improving clearly in September 2009. The indicator rises to 82 after 76 in July. That is 14 points above the minimum record reached in March 2009. Nevertheless, it still remains below its long-term average.

At the same time, the turning point indicator remains in the favourable zone since last July, after a year and a half in the unfavourable zone. This could be taken as the sign of a coming recovery.

Indeed, 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
Apr. 09 May 09 Jun. 09 Jul. 09 Sep. 09
Business climates
France 69 71 74 76 82
Industry 71 74 77 79 85
Wholesale trade - 71 - 73 78
Building 92 92 92 91 93
Retail trade 78 84 82 88 95
Services 60 64 68 70 78
Turning point indicators
France -0,8 -0,6 0,1 1,0 1,0
Industry 0,5 0,7 0,9 0,8 0,6
Wholesale trade - 0,0 - 0,2 0,4
Building -0,8 -0,5 -0,1 -1,0 1,0
  • Source(s) : INSEE, Business tendency surveys

Documentation

Methodology (pdf, 125 Ko)