In March 2011, the economic climate in services continues to improveMonthly survey of services - March 2011

According to the business leaders surveyed in March, the economic situation in services continues to improve. The business climate synthetic indicator has risen once more and is 106 in March, that is well above its long-term average. The turning point indicator stays in the favourable area.

Informations rapides
No 74
Paru le : 24/03/2011
Prochaine parution le : 21/12/2017 at 08:45 - December 2017

According to the business leaders surveyed in March, the economic situation in services continues to improve. The business climate synthetic indicator has risen once more and is 106 in March, that is well above its long-term average. The turning point indicator stays in the favourable area.

Activity has risen at a brisk pace in the last few months. It should remain sustained in the months to come. Indeed, the business leaders surveyed consider that demand should be very favourable in the following months, and they revise slightly upwards their activity expectations.

As for the general outlook, it remains 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* Dec. 10 Jan. 11 Feb. 11 Mar. 11
Business climate synthetic indicator 100 102 103 105 106
General outlook –5 0 1 2 2
Past activity 4 6 11 13 15
Expected activity 4 8 4 8 11
Expected demand 2 11 9 11 14
Business situation 1 5 4 5 5
Past selling prices –2 –5 –5 –3 0
Expected selling prices –1 1 1 5 6
Past employment 3 12 6 14 10
except temporary work agencies 1 0 0 4 6
Expected employment 3 13 8 13 10
except temporary work agencies 0 3 –1 7 4
Investments
Past investments 2 0 7 10 8
Expected investments 1 2 1 5 8
  • * Average of the balances of opinion since 1988
  • Source: Insee