In February 2011, the business climate in services continues to improveMonthly survey of services - February 2011

According to the business leaders surveyed in February, 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 104 in February. The turning point indicator remains in the favourable area.

Informations rapides
No 45
Paru le : 18/02/2011
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business leaders surveyed in February, 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 104 in February. The turning point indicator remains in the favourable area.

Activity accelerated in the last few months. The business leaders surveyed revise slightly upwards their activity expectations for the months to come. They consider that demand should remain rather favourable in the following months.

The general outlook 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).

Graph2 – Activity

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Nov.10 Dec.10 Jan.11 Feb.11
Business climate synthetic indicator 100 101 102 103 104
General outlook –5 1 0 1 2
Past activity 4 3 6 11 13
Expected activity 4 4 8 4 6
Expected demand 2 5 11 9 9
Business situation 1 0 5 4 5
Past selling prices –2 –3 –5 –5 –3
Expected selling prices –1 –1 1 1 5
Past employment 3 12 12 6 15
except temporary work agencies 1 2 0 0 3
Expected employment 3 12 13 8 10
except temporary work agencies 0 2 3 –1 5
Investments
Past investments 2 2 0 7 8
Expected investments 1 2 2 1 3
  • * Average of the balances of opinion since 1988
  • Source: Insee