In January 2012, the economic climate in services is almost stableMonthly survey of services - January 2012

According to the business leaders surveyed in January 2012, the economic situation in services remains almost stable. The business climate synthetic indicator increases by one point, and is 92.

Publications for experts
Informations rapides – No 24
Paru le : 01/23/2012
Prochaine parution le : 12/16/2016 at 08:45 - December 2016

According to the business leaders surveyed in January 2012, the economic situation in services remains almost stable. The business climate synthetic indicator increases by one point, and is 92.

Though business leaders consider that their activity increased the last few months, their activity expectations for the months to come are pessimistic. They expect demand to be less favourable in the next few months.

They consider that their operating balance result increased in the last few months but anticipate a slowdown in the coming months.

The general outlook drops by two points compared with December.

The turning point indicator indicates an unfavourable economic situation.

Less job creations

In services except temporary employment agencies, business leaders consider that the number of job creations decreased in the last few months. They stay pessimistic in their expectations of recruitment.

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).

Table_quarter – Economic outlook in the services sector

Balances of opinion, in %, seasonally adjusted
Economic outlook in the services sector
Average* Oct. 11 Nov. 11 Dec. 11 Jan. 12
Business climate synthetic indicator 100 94 92 91 92
General outlook –5 –12 –15 –17 –19
Past activity 4 –4 –1 –1 1
Expected activity 4 2 –3 –3 –6
Expected demand 1 –3 –6 –6 –12
Business situation 1 –5 –6 –7 –6
Past selling prices –2 –3 –4 –4 –4
Expected selling prices –1 –4 –4 –2 0
Past employment 4 3 8 11 7
except temporary work agencies 1 1 –1 2 –1
Expected employment 3 6 4 1 –3
except temporary work agencies 0 –3 –1 –4 –3
Investments
Past investments 2 3 6 5 2
Expected investments 2 0 –2 0 3
Operating balance result
Past result –1 –9 0
Expected result –1 –5 –9
Cash position –10 –11 –11
Difficulties of supply and demand
difficulties of supply and demand 9 9 10
difficulties of supply only 23 24 23
difficulties of demand only 29 31 29
Difficulties in recruitment 31 22 22
  • * Average of the balances of opinion since 1988
  • Source: Insee