22 July 2011

2011- n° 185

In July 2011, the business climate in services is deteriorating Monthly survey of services - July 2011

According to the business leaders surveyed in July 2011, the economic situation in services is deteriorating. The business climate synthetic indicator drops by four points compared with June, and is 103. The turning point indicator falls and now indicates an unfavourable economic situation.

Though business leaders consider that their activity continued to grow at a sustained pace during the last few months, they revise down markedly their activity expectations for the months to come. The corresponding balance of opinion drops and is now below its long-term average. They expect demand to be less favourable in the next few months.

They consider that their operating balance result accelerated slightly in the last few months, but they expect a sharp slowdown in the months to come.

As for the general outlook, it remains almost unchanged compared with the June survey.

In services except temporary employment agencies, business leaders consider that the number of job creations remained stable in the last few months. They consider that employment should continue to grow at the same pace in the following months.