21 October 2010
2010- n° 255In Ocober 2010, the economic climate continues to improve in manufacturing industry Monthly business survey (goods-producing industries) - October 2010
According to the business leaders questioned in October, the industrial economic situation in France improves noticeably : the business climate indicator increases by three points, ending up for the first time since June 2008 over its long term average. The turning point indicator stabilizes in the favorable area. Business leaders consider that their past activity increased slighly and has remained dynamic. However, the level of stocks of finished products is rated as lower than in September. At the same time, export orders books improves clearly and return to their long-term average level. Total order books are still rated as low.
Manufacturing industry
According to the business leaders questioned in October, the industrial economic situation in France improves noticeably : the business climate indicator increases by three points, ending up for the first time since June 2008 over its long term average. The turning point indicator stabilizes in the favorable area. Business leaders consider that their past activity increased slighly and has remained dynamic. However, the level of stocks of finished products is rated as lower than in September. At the same time, export orders books improves clearly and return to their long-term average level. Total order books are still rated as low.
The personal production outlook for the next month recovers anew. It’s now at its highest level since mid-2008. The general production outlook, which represents business leaders’ opinion on French industry as a whole, is also progressing.
tableautableau – Leaders' opinion: manufacturing industrial activity
| Manufacturing industry | Average* | Jun. 10 | Jul. 10 | Sep. 10 | Oct. 10 |
|---|---|---|---|---|---|
| Synthetic index | 100 | 96 | 97 | 99 | 102 |
| Recent changes in output | 5 | 20 | 19 | 10 | 13 |
| Finished-goods inventory level | 13 | 4 | –1 | 3 | –2 |
| Demand and total order levels | –17 | –35 | –30 | –23 | –23 |
| Demand and export order levels | –12 | –32 | –25 | –19 | –14 |
| Personal production expectations | 5 | –7 | –11 | 4 | 16 |
| General production expectations | –8 | –4 | –1 | 3 | 9 |
- * : 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
