22 June 2011

2011- n° 156
In June 2011, the economic climate in services is stable Monthly survey of services - June 2011

According to the business leaders surveyed in June, the economic situation in services remains stable. The business climate synthetic indicator stays at 107. The turning point indicator goes down and enters the area of uncertainty.

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N^o 156

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Activity continued to rise this lately, though at a slower pace than a few months ago. Business leaders consider that activity should continue to increase at this rate in the months to come.

The general outlook remains almost unchanged compared with May, at a rather favourable level. It has not changed much since the end of 2010.

graphiqueGraph1 – Business climate synthetic indicator

graphiquegraph_retourn – Turning point indicator

Note: close to 1 (respectively -1), this indicator indicates a favourable short-term economic situation (respectively unfavourable).

graphiqueGraph2 – Activity

tableauTable_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted

Economic outlook in the services sector (Balances of opinion, in %, seasonally adjusted)
	Average*	Mar. 11	Apr. 11	May 11	June 11
Business climate synthetic indicator	100	106	109	107	107
General outlook	–5	1	2	1	2
Past activity	4	13	10	6	7
Expected activity	4	12	13	12	8
Expected demand	2	14	11	7	7
Business situation	1	5	6	7	4
Past selling prices	–2	0	3	4	3
Expected selling prices	–1	6	3	6	2
Past employment	3	12	17	12	12
except temporary work agencies	1	6	8	6	7
Expected employment	3	10	9	14	7
except temporary work agencies	0	5	4	7	5
Investments
Past investments	2	8	6	8	6
Expected investments	2	9	11	13	10

* Average of the balances of opinion since 1988
Source: Insee