In January 2011, the climate improves slightly in servicesMonthly survey of services - January 2011

From now on, this Informations Rapides issue includes a new turning point indicator. This indicator is described in the Conjoncture in France issue of December 2010.

Informations rapides
No 22
Paru le : 21/01/2011
Prochaine parution le : 23/11/2017 at 08:45 - November 2017

From now on, this Informations Rapides issue includes a new turning point indicator. This indicator is described in the Conjoncture in France issue of December 2010.

According to the business leaders surveyed in January, the economic situation in services continues to improve progressively. The business climate synthetic indicator has risen by one point per month since September 2010 and is 103 in January. The turning point indicator remains in the favourable area.

Activity was more sustained in the previous months, but it should decelerate slightly in the following months. Indeed, the business leaders surveyed consider that demand should be a little less favourable in the next few months, and they revise downwards their activity expectations.

They consider that their operating balance result accelerated in the recent months and that it should rise at the same pace in the months to come.

As for the general outlook, it remains almost unchanged.

Graph1 – Business climate synthetic indicator

graph_retourn – Turning point indicator

  • Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable).

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Oct. 10 Nov. 10 Dec. 10 Jan. 11
Business climate synthetic indicator 100 100 101 102 103
General outlook –5 0 1 0 1
Past activity 4 4 3 6 9
Expected activity 4 2 4 8 4
Expected demand 1 4 5 11 8
Business situation 1 1 0 5 3
Past selling prices –2 –6 –3 –5 –7
Expected selling prices –1 –3 –1 1 1
Past employment 3 5 12 12 7
except temporary work agencies 1 –2 2 0 0
Expected employment 3 7 12 13 7
except temporary work agencies 0 0 2 3 0
Investments
Past investments 2 0 2 0 6
Expected investments 1 5 2 2 1
Operating balance result
Past result –1 –4 3
Expected result 0 –2 2
Cash position –10 –10 –9
Difficulties of supply and demand
difficulties of supply and demand 9 9 9
difficulties of supply only 23 21 24
difficulties of demand only 29 33 29
Difficulties in recruitment 31 21 20
  • * Average of the balances of opinion since 1988
  • Source: Insee