The improvement of the French business climate slows down in November 2009Business climate indicator and turning point indicator - November 2009

According to the business leaders of the main economic sectors, the French business climate keeps on improving very slightly in November 2009. The indicator rises to 87 after 86 in October. That is 19 points above the minimum record reached in March 2009. It is still under its long-term average. Indeed, in nearly all economic sectors, business leaders’ answers do suggest a slight improvement in the French economic climate.

Informations rapides
No 304
Paru le : 24/11/2009
Prochaine parution le : 23/11/2017 at 08:45 - November 2017

According to the business leaders of the main economic sectors, the French business climate keeps on improving very slightly in November 2009. The indicator rises to 87 after 86 in October. That is 19 points above the minimum record reached in March 2009. It is still under its long-term average. Indeed, in nearly all economic sectors, business leaders’ answers do suggest a slight improvement in the French economic climate.

At the same time, the turning point indicator remains in the favourable zone for five months in a row, after a year and a half in the unfavourable zone. This movement shows continous signs of a coming recovery.

Tableau 1 – Business climate and turning point indicators

Business climate and turning point indicators
Jun. 09 Jul. 09 Sep. 09 Oct. 09 Nov. 09
Business climates
France 76 79 83 86 87
Industry 79 82 86 89 89
Wholesale trade - 74 79 - 75
Building 92 91 93 93 93
Retail trade 82 88 95 97 104
Services 68 70 79 85 86
Turning point indicators
France 1,0 1,0 1,0 1,0 1,0
Industry 0,9 0,8 0,5 0,6 -0,3
Wholesale trade - -0,4 0,6 - 0,4
Building -0,1 -1,0 1,0 0,9 0,7
  • Source(s) : INSEE, Business tendency surveys

Documentation

Methodology (pdf, 125 Ko)