18 December 2009
2009- n° 325The improvement in economic climat marks time in manufacturing industry Monthly business survey (goods-producing industries) - December 2009
According to the business leaders questioned in December, the industrial economic situation in France stabilized anew. The business climate indicator remains below its long term average. The turning point indicator goes down to the unfavorable area.
Manufacturing industry
According to the business leaders questioned in December, the industrial economic situation in France stabilized anew. The business climate indicator remains below its long term average. The turning point indicator goes down to the unfavorable area.
Business leaders’s opinion on their past activity is near its long-term average from now on. Stocks of finished goods remain rated very inferior to their long-term. However order books, total and export, are still considered as very low. In particular, export order books’ level decrease noticeably in December.
The personal production outlook is lower as november: business leaders anticipate a small slowdown in industrial activity in the next months. The general production outlook, which represents business leaders’ opinion on French industry as a whole, decrease too but remains near its long-term average.
tableautableau – Leaders' opinion: manufacturing industrial activity
Manufacturing industry | Average* | Set. 09 | Oct. 09 | Nov. 09 | Dec. 09 |
---|---|---|---|---|---|
Synthetic index | 100 | 86 | 89 | 90 | 89 |
Recent changes in output | 4 | –16 | –11 | –2 | –0 |
Finished-goods inventory level | 14 | 0 | 2 | 3 | 2 |
Demand and total order levels | –18 | –59 | –55 | –56 | –57 |
Demand and export order levels | –13 | –57 | –49 | –51 | –58 |
Personal production expectations | 4 | –6 | –3 | –4 | –7 |
General production expectations | –9 | –16 | –10 | –9 | –11 |
- * : The average of the balances opinion since 1976.
- Source : Monthly business survey - INSEE
graphiqueGraphang1 – Industrial economic climate - Synthetic Index
graphiqueGraphang2 – Turning-point indicator
graphiqueGraphang3 – Business leaders' opinion (manufacturing industry)
Documentation
Methodology (pdf,133 Ko)
Pour en savoir plus
Time series : Industry - Activity and demand