In May 2011, the economic climate in services is stableMonthly survey of services - May 2011

According to the business leaders surveyed in May, the economic situation in services remains stable. The business climate synthetic indicator goes down slightly by one point, after rising since July 2010. Nonetheless, it remains well above its long-term average. The turning point indicator stays in the favourable area.

Informations rapides
No 130
Paru le : 24/05/2011
Prochaine parution le : 26/09/2017 at 08:45 - September 2017

According to the business leaders surveyed in May, the economic situation in services remains stable. The business climate synthetic indicator goes down slightly by one point, after rising since July 2010. Nonetheless, it remains well above its long-term average. The turning point indicator stays in the favourable area.

Activity slowed down in the last few months, and business leaders revise downwards their expectations for the months to come. They expect demand to be less favourable.

The general outlook remains unchanged compared with April, and above the long-term average.

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* Feb. 11 Mar. 11 Apr. 11 May 11
Business climate synthetic indicator 100 105 106 109 108
General outlook –5 2 1 2 2
Past activity 4 13 13 10 5
Expected activity 4 8 12 13 11
Expected demand 2 11 14 11 7
Business situation 1 5 5 6 6
Past selling prices –2 –3 0 3 3
Expected selling prices –1 5 6 3 5
Past employment 3 14 12 17 12
except temporary work agencies 1 4 6 8 6
Expected employment 3 13 10 9 13
except temporary work agencies 0 7 5 4 7
Investments
Past investments 2 10 8 6 8
Expected investments 2 5 9 11 13
  • * Average of the balances of opinion since 1988
  • Source: Insee